What does "commodification" mean?

The assignment of a commercial value to something previously without such value.

How do you pronounce "commodification"?

Pronounced //kəˌmɒ.dɪ.fɪˈkeɪ.ʃən//.

Common synonyms include: commercialization, commercialization, commoditization, commoditization, monetization.

//kəˌmɒ.dɪ.fɪˈkeɪ.ʃən// noun

noun ·Rare ·Advanced level

Noun

1
The assignment of a commercial value to something previously without such value. countable, uncountable
"Near-synonyms: commercialization, monetization"
2
The transformation from being commercialized on a nonfungible basis into becoming a commodity that is fungible. countable, uncountable
"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."

"Near-synonyms: commercialization, monetization"

From commodify + -ification.

Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.