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Commodification is the process of transforming inalienable, free, or gifted things (objects, services, ideas, nature, personal information, people or animals) into commodities, or objects for sale.
In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers.
Social scientist Jacy Reese Anthis argues that, while there is no immanent right for animals or humans to not be commodified, there are strong practical reasons to oppose any commodification of animals, not just that which is cruel or egregious. [23] Commodification of nonhuman animals is one of the primary impacts of the animal–industrial ...
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
In the sociological sense, recuperation is the process by which politically radical ideas and images are twisted, co-opted, absorbed, defused, incorporated, annexed or commodified within media culture and bourgeois society, and thus become interpreted through a neutralized, innocuous or more socially conventional perspective.
Once commodified an economic good can be bought or sold at a price determined by market exchange, and as such market values replace social values previously attached to the good. [1] It is this transformation from a public good to an economic good that neoliberals claim leads to better management and allocation of a resource, such as water.
Tuesday's vice presidential debate included a surprising amount of agreement between the two candidates on stage. Sen. J.D. Vance (R–Ohio) and Minnesota Gov. Tim Walz (D) competed on who would ...
The double movement is a concept originating with Karl Polanyi in his book The Great Transformation.The phrase refers to the dialectical process of marketization and push for social protection against that marketization.