commoditize


Definition
To transform goods or services into a commodity. This is often seen when a market moves from being monopoly-dominated to one that is in perfect competition. Because goods and services in a perfect competition have few differences, any product can be considered a commodity. also called commodification.


Related Personal Finance Articles

Loading...

commoditize in the news

Loading...

Enter your email address to get our free Term of the Day newsletter!

commoditize is ...

... part of the Forex and Futures subjects.

Search volume for commoditize

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z