commodification

[ kuh-mod-uh-fi-key-shuhn ]

Phonetic (Standard)IPA

noun

the act or fact of turning something into an item that can be bought and sold:
The commodification of water means that access is available only to those who can pay.
the act or fact of exploiting a person or thing for profit:
Some of the tourism to developing countries risks becoming a commodification of culture and poverty.

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