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commodification

/kɒmˈdɒmɪtɪˌzeɪʃən/ noun · British & US
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What does commodification mean?

noun

The process of making something into a commodity, or the state of being treated as a commodity. This can involve the reduction of complex issues or relationships to a simple, marketable product or service.

Example

"The commodification of water has led to concerns about its accessibility and affordability for marginalized communities."

Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.

Etymologically related

Synonyms for commodification

Antonyms of commodification

Rhymes with commodification