commodification

UK /kəˌmɒ.dɪ.fɪˈkeɪ.ʃən/ US /kəˌmɑ.dɪ.fɪˈkeɪ.ʃən/
noun 2

Definitions

noun

1

The assignment of a commercial value to something previously without such value.

Near-synonyms: commercialization, monetization

Subcultures tend to go through continual cycles of commodification and resistance to that commodification.

2

The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible.

A company that innovates to achieve the commercialization of a technology often must shift strategy some decades later in response to the advent of that technology's commodification.

Your note

not saved
0 chars