adjective
- treated or regarded as a commodity; reduced to a standardized product bought and sold in bulk without regard to quality or uniqueness
Usage: often used in business and economics contexts; British spelling (American: commoditized)
verb
- past tense and past participle of commoditise; to turn something into a commodity or treat it as a commodity
Usage: British spelling (American: commoditized); transitive verb
Examples
- The software industry has commoditised basic programming tools, making them freely available to developers.
- Once a luxury item, smartphones have become commoditised products available at every price point.
- Critics argue that higher education has been commoditised, reducing learning to a transactional exchange.
- The company commoditised its services by offering standardized packages rather than custom solutions.
- Agricultural products like wheat and corn are heavily commoditised on global markets.
- As the market commoditised, prices fell and competition intensified.