Thing

Commodification

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.

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