Concept information
Preferred term
commodification
Definition
- Commodification enables things to circulate in a market system of exchange, that is, in a system that values above all else the exchangeability of all things. This substitutes a different relationship between things and their creators, and between things themselves as such, than prevailed before the contractual relations and the transfers of value that enable market exchanges. [Source: Encyclopedia of Law & Society: American and Global Perspectives; Commodification]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/commodification
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