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Commodification is the process of transforming inalienable, free, or gifted things (objects, services, ideas, nature, personal information, people or animals) into commodities, or objects for sale.
In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.
Going further back, the French word derives from the Latin commoditas, meaning "suitability, convenience, advantage". The Latin word commodus (from which English gets other words including commodious and accommodate ) meant variously "appropriate", "proper measure, time, or condition", and "advantage, benefit".
The commodification of nature is an area of research within critical environmental studies that is concerned with the ways in which natural entities and processes are made exchangeable through the market, and the implications thereof.
In political economy, decommodification is the strength of social entitlements and citizens' degree of immunization from market dependency. [1] [2]In regards to the labor force, decommodification describes a "degree to which individual, or families, can uphold a socially acceptable standard of living independently of market participation."
Social scientist Jacy Reese Anthis argues that, while there is no immanent right for animals or humans to not be commodified, there are strong practical reasons to oppose any commodification of animals, not just that which is cruel or egregious. [23] Commodification of nonhuman animals is one of the primary impacts of the animal–industrial ...
In short, language is commodified for use in globalized society. As a result, multilinguals may have labor market advantages over monolinguals in their ability to work with global customers. Studies demonstrate that multilingualism is positively correlated with higher salaries and gross domestic production (GDP).
Heritage commodification is the process by which cultural themes and expressions come to be evaluated primarily in terms of their exchange value, specifically within the context of cultural tourism. [1]