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Commodification is the process of transforming inalienable, free, or gifted things (objects, services, ideas, nature, personal information, people or animals) ...
This is not to be confused with commodification, which is the concept of objects or services being assigned an exchange value which they did not previously possess by their being produced and presented for sale, as opposed to personal use. One way to summarize the difference is that commoditization is about proprietary things becoming generic ...
Following this trend, nanomaterials are emerging from carrying premium profit margins for market participants to a status of commodification. [11] There is a spectrum of commoditization, rather than a binary distinction of "commodity versus differentiable product".
Thus, the "commodification" of a good or service often involves a considerable practical accomplishment in trade. It is a process that may be influenced not just by economic or technical factors, but also political and cultural factors, insofar as it involves property rights, claims to access to resources, and guarantees about quality or safety ...
Commodification – Transformation of goods, services, ideas and people into commodities or objects of trade; Throw-Away Society – Human society strongly influenced by consumerism; Consumer capitalism – Condition in which consumer demand is manipulated through mass-marketing
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Most researchers who employ a commodification of nature framing invoke a Marxian conceptualization of commodities as "objects produced for sale on the market" [2] that embody both use and exchange value. Commodification itself is a process by which goods and services not produced for sale are converted into an exchangeable form.
Heritage commodification is the process by which cultural themes and expressions come to be evaluated primarily in terms of their exchange value, ...