Commodification (or commoditization) is the transformation of goods and services, as well as ideas or other entities that normally may not be considered goods, into a commodity. The Marxist understanding of commodity is distinct from the meaning of commodity in mainstream business theory. Commodity played a key role throughout Marx’s oueuvre, he considered it a cell-form of capitalism and a key starting point for an analysis of this politico-economic system.

About the author



Information to enrich your life.

Richtopia uses cookies to give you the best online experience. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.