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'''Commoditization''' is the process by which [[goods]] that have [[Value (economics)|economic value]] and are distinguishable in terms of attributes (uniqueness or [[brand]]) end up becoming simple [[Commodity|commodities]] in the eyes of the market or [[consumer]]s. It is the movement of a market from differentiated to undifferentiated price competition and from [[Monopoly|monopolistic]] to [[perfect competition]].
This is not to be confused with [[commodification]], which is Karl Marx's term for manufacturing things for sale, as opposed to making things for personal use.
[[Category:Commodities]]
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