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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.
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]
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
"It's been a week of family, friends. We've done a lot of crying, all of us, but we've laughed. We've enjoyed being together," Goodfriend said.
Storge is a wide-ranging force which can apply between family members, friends, pets and their owners, companions or colleagues; it can also blend with and help underpin other types of ties such as passionate love or friendship.
Family economics applies economic concepts such as production, division of labor, distribution, and decision making to the family.It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, time devoted to domestic production, and dowry payments using economic analysis.
Water is a basic need of life and presently, an estimated one billion persons do not have access to safe drinking water, and even more have inadequate sanitation. [5] Global institutions, including the United Nations, warn of the impact of a growing global population and the effects of climate change on the ability of people to access freshwater. [3]