commodification Meaning & Definition
What Does Commodification Mean?
As a noun, commodification means The assignment of a commercial value to something previously without such value. It is also used to mean The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible.
Commodification at a Glance
| Part of speech | noun |
|---|---|
| Pronunciation | //kəˌmɒ.dɪ.fɪˈkeɪ.ʃən// |
| Syllables | 1 |
| Synonyms | commercialization and commoditization |
| Plural | commodifications |
Commodification Definition (Noun)
- The assignment of a commercial value to something previously without such value.
- 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.
Noun
- The assignment of a commercial value to something previously valueless.
Synonyms of Commodification
Commodification synonyms and antonyms →Antonyms of Commodification
No antonyms or near antonyms are listed by the available sources for this entry.
Commodification in a Sentence
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.
Word Forms & Grammar
commodification (countable and uncountable, plural commodifications)
Words That Rhyme With Commodification
Origin of Commodification
From commodify + -ification.
Commodification Pronunciation
Commodification is pronounced //kəˌmɒ.dɪ.fɪˈkeɪ.ʃən// and has 1 syllable.
Quick Answers About Commodification
What part of speech is commodification?
Commodification is a noun.
What is another word for commodification?
Close synonyms of commodification are commercialization and commoditization. See the full list of commodification synonyms and antonyms.
What is the plural of commodification?
The plural of commodification is commodifications.