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.
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