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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 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.
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.
Embracing a food-waste-fighting fungus on kitchen tables and restaurant plates across the world is not the future of food, said Hill-Maini, but the present. "Look, this is happening in Indonesia ...
People talk about their adoration for grocery store chains like Aldi and Trader Joe's, but you will need to rip my Costco card from my cold, dead hands. I adore Costco. I go there at least twice a ...
Second, Title II food aid is used by a CS [cooperating sponsor] to generate foreign currency to support development activities. Monetization offers the potential to improve the marketing of food to permit greater access to those who are food insecure. Indeed, there is an important direct link between food security and how food aid is monetized.
From hot dogs to apple pie, find out where classic "American" foods really come from and how they arrived in this country. Check out the slideshow above to learn which "American" classics are not ...
The repatriation of profits, or "leakage", that occurs with the influx of tourist capital into a heritage tourist site (including handicraft vendors, food vendors, basket makers, and several other items that are produced locally and rely upon tourist capital) is a crucial part of any sustainable development that can be considered beneficial to ...