The process of turning something not normally considered a commodity, such as a relationship or a form of care, into an object of market exchange

From commodity + the suffix -fication, on the pattern of Latin commoditas, 'fitness, convenience'

Marketisation Monetisation
Decommodification
"Critics of professionalising elder care warn of commodification: care embedded in kinship obligation risks being priced out of reach for the poorest households once it is reorganised as a paid, regulated service."

Useful in GS1/GS2 answers on the care economy and social policy, e.g., 'the commodification of domestic labour raises the question of who can afford dignity once unpaid work acquires a market price.'

← All Words
A new UPSC word every morning Word of the Day at 7am, plus daily current affairs and free PDFs
Join Channel
BharatNotes