Commodification describes the process by which something without an economic value gains economic value that can replace other social values. … For example, their labor can be commodified, but they also can be sold into slavery or have their bodies exchanged for prostitution, pornography, and other uses.
What are three examples of commodification?
- Natural Resources. Natural resources such as a beach that was once a shared resource that has been privatized and sold at a market price. …
- Food. Most food is a commodity that is produced at great scale and sold at market. …
- Products. …
- Services. …
- Labor. …
- Technology. …
- Data. …
What do you mean by commodification?
the act or fact of turning something into an item that can be bought and sold: The commodification of water means that access is available only to those who can pay.
What is commodification in culture?
“Commodification” means transforming something into a product for commercial purposes, an item to be bought and sold in the market. Such use is considered an appropriation when done without permission, and can cause significant cultural, spiritual, and economic harm. …
What is one example of a cultural thing that has been commodified?
Various subcultures have been argued to as having become commodified, for example the goth subculture, the biker subculture, the tattoo subculture, the witchcraft subculture, and others.
What’s the difference between commoditization and commodification?
One way to summarize the difference is that commoditization is about proprietary things becoming generic, whereas commodification is about nonsaleable things becoming saleable.
What is hyper commodification?
Hyper-commodification also means that the club is valued according to its share price. However, this inevitably misrepresents the club’s uniqueness in the eyes of the football community.
Why is commodification bad?
In a critical perspective, commodification is associated with the negative effects of globalisation, causing the dispersion of local value and authenticity while a local culture is aligned to a global economy.
What is commodification Karl Marx?
Commodification: The subordination of both private and public realms to the logic of capitalism. In this logic, such things as friendship, knowledge, women, etc. are understood only in terms of their monetary value. In this way, they are no longer treated as things with intrinsic worth but as commodities.
How does commodification happen?
In commodification, subjectification of an object occurs when cultural values influence the exchange value of material objects, generally so that their value is more relative rather than their actual use value. … It notably helps to understand how adolescents’ identities and differences are commodified.
What is an example of material culture?
Material culture, tools, weapons, utensils, machines, ornaments, art, buildings, monuments, written records, religious images, clothing, and any other ponderable objects produced or used by humans. If all the human beings in the world ceased to exist, nonmaterial aspects of culture would cease to exist along with them.
What is a positive aspect of commodification of a culture?
In many places throughout the world, people with a culture considered “different” or “exotic” to visitors commodify those cultures. … Commodification of culture is positive when it allows cultures to be self-asserting or to use cultural commodities to challenge and reshape outsiders’ views.
What causes commoditization?
Commoditization Challenges Businesses
Products that lack distinguishing features tend to eventually decline in price and cause dwindling profit margins. … Companies may also delay commoditization by marketing products with varying levels of after-purchase services.
What is another word for commodification?
In this page you can discover 7 synonyms, antonyms, idiomatic expressions, and related words for commodification, like: consumerism, objectification, institutionalisation, social-relations, politicization, reification and patriarchy.
What is the difference between commodification and commercialization?
As nouns the difference between commodification and commercialization. is that commodification is the assignment of a commercial value to something previously valueless while commercialization is the act of commercializing.
Which is a commodity?
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers.