decommodification
|de/com/mod/i/fi/ca/tion|
/diːkəˌmɒdɪfɪˈkeɪʃən/
removal of commodity status
Etymology
'decommodification' originates from the prefix 'de-' meaning 'removal' and 'commodification,' which comes from 'commodity,' derived from Latin 'commoditas,' meaning 'convenience or advantage.'
'commodification' transformed from the Latin word 'commoditas' and eventually became the modern English word 'commodity,' leading to the formation of 'decommodification.'
Initially, 'commodification' meant 'making something a commodity,' but 'decommodification' evolved to mean 'removing the commodity status.'
Meanings by Part of Speech
Noun 1
the process of removing the commodity status of a good or service, making it less subject to market forces.
The decommodification of healthcare aims to ensure that everyone has access to medical services regardless of their ability to pay.
Synonyms
Antonyms
Last updated: 2025/01/15 04:22