Commodified

The word "commodified" describes the process by which something, whether it's a good, service, idea, or even an aspect of human experience, is transformed into a marketable product. This involves assigning a monetary value to something that may have previously existed outside the realm of economic exchange. It often implies a shift in focus from intrinsic value, social worth, or personal significance to its potential for profit and consumption. This can involve creating a demand, manufacturing, and eventually the buying and selling of something previously not subject to the market economy, leading to changes in how the product is seen and experienced.

Commodified meaning with examples

• The artist worried about the potential of her artwork being commodified and displayed without her consent. Once the painting was displayed, it was being marketed by the gallery, removing the personal nature from its display. The artist felt this commodification cheapened its value.
• In the past, community gatherings and support were common, but now, these services have been commodified through the rise of for-profit businesses. The convenience offered comes at a price, eroding social support networks.
• The commodification of personal data by tech companies has led to concerns about privacy and autonomy. Advertisers are capitalizing, which makes personal information easily accessible and valuable for financial gain.
• Tourism often results in the commodification of culture, where traditional practices, rituals, and locations become attractions for visitors. The local businesses can profit from this; however, this can sometimes compromise authenticity.