Finance & Businessfreq: 1Discovered via Dusty Flow

Commoditize

/kəˈmɒdɪtaɪz/verb
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To convert a good, service, or product into a commodity that is largely undifferentiated and valued based on price rather than unique qualities. In today's global markets, this process often strips away brand loyalty and innovation, leading to fierce price wars in sectors like manufacturing and digital services.

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The commoditization of the music industry through streaming services has led to over 7 trillion streams globally in 2023 alone, fundamentally changing how artists earn money and democratizing access to music for billions.

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