Practicing Success
Practicing Success
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| What is commodification? |
When a commodity gets a good package and advertisements it's called commodification. When a thing is controlled by a community, which has a monopoly on selling and buying it, it's commodified. When things that were not traded earlier get introduced into the market it's called commodification. Commonly used goods are commodification. |
| When things that were not traded earlier get introduced into the market it's called commodification. |
| Commodification occurs when things that were earlier not traded in the market become commodities. For instance, labour or skills become things that can be bought and sold. |
