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Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. | Commodification (or commoditization) is the transformation of goods and services into a commodity. Image File history File links Question_book-3. ...
The word commodity has distinct meanings in business and in Marxist [1] theory, commodification has different meanings depending on the context. The earliest use of the word in English attested in the Oxford English Dictionary dates from 1975. The Oxford English Dictionary print set The Oxford English Dictionary (OED) is a dictionary published by the Oxford University Press (OUP), and is the most successful dictionary of the English language, (not to be confused with the one-volume Oxford Dictionary of English, formerly New Oxford Dictionary of English, of...
Year 1975 (MCMLXXV) was a common year starting on Wednesday (link will display full calendar) of the Gregorian calendar. ...
Use of the concept of commodification became common with the rise of critical discourse analysis in semiotics. Semiotics, semiotic studies, or semiology is the study of signs and symbols, both individually and grouped into sign systems. ...
Business and economics
- See also: commodity
In the business world, commodification is a process that transforms the market for a unique, branded product into a market based on undifferentiated price competition. While in economic terms, commodification is closely related to and often follows from the stage when a market changes from one of monopolistic competition to one of perfect competition, a product essentially becomes a commodity when the repeated changes- because of competition-outplay themselves. It is essentially called a performance oversupply- which means that the market is performance saturated and any differentiation, even when being offered, is more than what the market demands. Commodification can be the desired outcome of an entity in the market, or it can be an unintentional outcome that no party actively sought to achieve. This article does not cite any references or sources. ...
Monopolistic competition is a common market form. ...
Perfect competition is an economic model that describes a hypothetical market form in which no producer or consumer has the market power to influence prices. ...
Consumers usually benefit from commodification, since perfect competition usually leads to lower prices. Branded producers often suffer under commodification, since the value of the brand (and ability to command price premiums) can be weakened. when consumers get hungry they always go to McDonalds and eat a big meal and then they get fat and sometimes even die on the way home from a heart attack. Not good, so dont eat at McDonals eat at Subway instead.
Marxist theory - See also: Commodity (Marxism)
In Marxist political economy, commodification takes place when economic value is assigned to something not previously considered in economic terms; for example, an idea, identity, gender [2]. So commodification refers to the expansion of market trade to previously non-market areas, and to the treatment of things as if they were a tradeable commodity. In classical political economy and especially Karl Marxs critique of political economy, a commodity is any good or service produced by human labour and offered as a product for general sale on the market. ...
For instance, sex becomes a marketed commodity, something to be bought and sold rather than freely given. Human beings can be considered subject to commodification in contexts such as genetic engineering, social engineering, cloning, eugenics, social Darwinism, Fascism, mass marketing and employment. An extreme case of Commidification is slavery, where human beings themselves become a commodity to be sold and bought. Similarly, the use of non-human animals for food, clothing, entertainment, or testing represents the commodification of other living beings. Kenyans examining insect-resistant transgenic Bt corn. ...
Social engineering has several meanings: Social engineering (political science) Social engineering (computer security) This is a disambiguation page — a navigational aid which lists pages that might otherwise share the same title. ...
For the cloning of human beings, see human cloning. ...
Eugenics is the self-direction of human evolution: Logo from the Second International Eugenics Conference [7], 1921, depicting it as a tree which unites a variety of different fields. ...
Social Darwinism is the idea that Charles Darwins theory can be extended and applied to the social realm, i. ...
Fascism is an authoritarian political ideology (generally tied to a mass movement) that considers individual and other societal interests subordinate to the interests of the state. ...
Mass-marketing is the process of widely marketing a mass-produced item. ...
This article is about work. ...
Slave redirects here. ...
For other uses, see Animal testing (disambiguation). ...
Criticism Karl Marx extensively criticized the social impact of commodification under the name commodity fetishism and alienation. Karl Heinrich Marx (May 5, 1818 – March 14, 1883) was a 19th century philosopher, political economist, and revolutionary. ...
In Marxist theory, commodity fetishism is a state of social relations, said to arise in capitalist market based societies, in which social relationships are transformed into apparently objective relationships between commodities or money. ...
Marxs theory of alienation (Entfremdung in German), as expressed in the writings of young Karl Marx, refers to the separation of things that naturally belong together, or to antagonism between things that are properly in harmony. ...
Commodification is often criticised on the grounds that some things ought not to be for sale and ought not to be treated as if they were a tradeable commodity. WOOLWORTHS IS COOL...i want to work there and eat McDonalds whilst retaining my job. commondification is a fast food plce that is built right next to McDonals so its silly. And i advise you to eat there cause it has nice food. somethings on the recipe are com, mod, if,i and cation. how cool is that. that's where the name originated from, all those foods. Seriously go try it out you will hate it. YUM!
See also In classical political economy and especially Karl Marxs critique of political economy, a commodity is any good or service produced by human labour and offered as a product for general sale on the market. ...
In Marxian political economy, exchange value refers to one of three major aspects of a commodity, i. ...
Commercialization is the process of introducing a new product into the market. ...
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