EGAVE

commodification

About 0.46 uses per million words.

Meaning

  1. noun The assignment of a commercial value to something previously without such value.
  2. noun The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible.
    A company that innovates to achieve the commercialization of a technology often must shift strategy some decades later in response to the advent of that technology's commodification.

Similar words

commercialization commercialisation marketing commoditization mercification corporatization valourisation commodity revalorization monetization

Often followed by

of and is in as that process has or

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