Commoditization

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Commoditization

Movement toward perfect competition; the process by which a good or service thought to be unique or superior becomes like other, similar goods and services in the eyes of the market. Commoditization is the movement toward undifferentiated competition between two or more companies offering the same good or service. This leads to lower prices.
References in periodicals archive ?
In order to carry out this analysis, we have chosen to classify it as a tendency towards "commodification".
The Commons or Commodification? Which Explains Ecological Depletion?
Furthermore, I emphasize how the commodification of homosexuality in Korean media is not a foregone outcome of industrial interests but an ongoing process and cultural phenomenon in which targeted consumers continue to participate.
As Ugandan academic Mahmood Mamdani noted, the commodification and marketisation of land works in favour of those who can afford to purchase land, but of the poor peasant?
In contrast, environmental studies specialist Keely Maxwell views the well-oiled commodification of the Inca Trail and Machu Picchu in an intriguing argument that the commodification of the tourist is a natural next stage in the tourism trade that gives agency to the host and constructs a new resource made up of the visiting tourists themselves.
The initiative is aimed at shedding light on the widespread commodification of women in the advertising world.
A lawmaker has moved to criminalize the commodification of human organs, tissues and parts, which he branded as direct affront to human dignity.
Until this corporate commodification of all human relationships is recognized and confronted, any thought of a renewal or revival of moral values, traditional or otherwise, remains mere idle and utopian speculation.
The information & broadcasting ( I& B) ministry has launched a major exercise to ensure that the commodification and stereotyping of women in the media is prevented and replaced with a positive and realistic portrayal of today's women.
Wordsworth, Commodification and Social Concern: The Poetics of Modernity.
To achieve these objectives, this paper is conceptualized in two broad analytical frameworks-cultural commodification and fashionalism.
"The commodification of the Mandela name is rampant and many are watching it with growing alarm," the Telegraph quoted a source close to the family as saying.