different between commoditize vs commodify
commoditize
English
Alternative forms
- commoditise
Etymology
commodity +? -ize
Verb
commoditize (third-person singular simple present commoditizes, present participle commoditizing, simple past and past participle commoditized)
- (US, business, proscribed) To transform into a commodity, particularly of an existing product.
Usage notes
The earlier commodify is more common, sometimes used synonymously, and sometimes considered more correct, with commoditize proscribed. In other use these are distinguished, with commoditize used in business contexts to mean when the market for products that used to be distinguishable becomes a commodity market, where products are interchangeable and there is heavy price competition, while commodify is used in social contexts to mean that a non-commercial good has become commercial, typically with connotations of “corrupted by commerce” – “Microprocessors are commoditized. Love is commodified.”
Synonyms
- commodify
Derived terms
- commoditization/commoditisation
References
commoditize From the web:
- commoditized what does it mean
- commoditize meaning
- what are commoditized products
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- definition commoditized
commodify
English
Etymology
commodity +? -ify
Verb
commodify (third-person singular simple present commodifies, present participle commodifying, simple past and past participle commodified)
- To make something into a commodity, sometimes at the expense of its intrinsic value.
Usage notes
Sometimes used interchangeably with commoditize, sometimes distinguished to have a sense of “non-commercial good becoming commercial”; see commoditize#Usage notes.
Synonyms
- commercialize
- commoditize
Derived terms
- commodification
- commodificational
Related terms
- decommodify
Translations
See also
- Commodification on Wikipedia.Wikipedia
commodify From the web:
- commodify meaning
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- what does commodity mean in english
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