commodification, commoditization
Within Marxist theory this refers to the production of commodities for exchange (via the market ) as opposed to direct use by the producer. It signals the conversion of use-values into exchange-values and heralds a change in production relations. In conventional terms it can be described as the process whereby goods and services which were formerly used for subsistence purposes are bought and sold in the market. These terms are widely used in Third World studies, for example, when subsistence peasants begin to sell their produce for cash. See also commodity fetishism.

Dictionary of sociology. 2013.

Look at other dictionaries:

  • commodification — 1968, from COMMODITY (Cf. commodity) + FICATION (Cf. fication). Originally in Marxist political theory, the assignment of a market value, often to something the user of the word feels would be better left without one …   Etymology dictionary

  • Commodification — Part of a series on Marxism …   Wikipedia

  • commodification — noun The assignment of a commercial value to something previously valueless. Subcultures tend to go through continual cycles of commodification and resistance to that commodifcation …   Wiktionary

  • commodification — commodify ► VERB (commodifies, commodified) ▪ turn into or treat as a mere commodity. DERIVATIVES commodification noun …   English terms dictionary

  • commodification — noun see commodify …   New Collegiate Dictionary

  • commodification — See commodifiable. * * * …   Universalium

  • commodification — n. act of turning something into a commodity …   English contemporary dictionary

  • commodification — com·mod·i·fi·ca·tion …   English syllables

  • commodification — /kəmɒdəfəˈkeɪʃən/ (say kuhmoduhfuh kayshuhn) noun the process by which something which is of great intrinsic worth but no commercial value is turned into a commodity which can be bought and sold, thus giving it commercial value …   Australian-English dictionary

  • commodification — noun see commodify …   Useful english dictionary

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