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What do you mean by “commoditization”?

What do you mean by “commoditization”?

Social Psychology (10th Edition)
Social Psychology (10th Edition)
10th Edition
ISBN:9780134641287
Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers
Chapter1: Introducing Social Psychology
Section: Chapter Questions
Problem 1RQ1
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What do you mean by “commoditization”? 

The vulnerability/asset ownership debate has mainly concerned the rural sector. Consequently, in the context of an urban study it is also important to identify any distinctive features of urban vulnerability, deriving from the particular assets that the urban poor control. Three generalized characteristics of urban life, often identified as differentiating urban from rural areas, are levels of commoditization, environmental hazard, and social fragmentation. The highly 'commoditized nature of the urban sector means that labor is the urban poor's most important asset, generating income either directly, in terms of its monetary exchange value through wage employment, or indirectly, through the production of goods and services, which are sold through informal sector self- employment activities. (World Bank, 1991c,3)*. Another aspect of a commoditized context, is that urban households pay for their food and shelter, rather than rely on their own production. They may also be more dependent upon purchasing services, such as transportation and education, than rural dwellers. Although access to land and housing varies widely from one context to another, and is often illegal and insecure, where available, it represents more than shelter to ensure physical well-being. In the urban context, housing is an important asset that generates income, through, for instance, renting rooms and the use of its space for home based production activities.
Transcribed Image Text:The vulnerability/asset ownership debate has mainly concerned the rural sector. Consequently, in the context of an urban study it is also important to identify any distinctive features of urban vulnerability, deriving from the particular assets that the urban poor control. Three generalized characteristics of urban life, often identified as differentiating urban from rural areas, are levels of commoditization, environmental hazard, and social fragmentation. The highly 'commoditized nature of the urban sector means that labor is the urban poor's most important asset, generating income either directly, in terms of its monetary exchange value through wage employment, or indirectly, through the production of goods and services, which are sold through informal sector self- employment activities. (World Bank, 1991c,3)*. Another aspect of a commoditized context, is that urban households pay for their food and shelter, rather than rely on their own production. They may also be more dependent upon purchasing services, such as transportation and education, than rural dwellers. Although access to land and housing varies widely from one context to another, and is often illegal and insecure, where available, it represents more than shelter to ensure physical well-being. In the urban context, housing is an important asset that generates income, through, for instance, renting rooms and the use of its space for home based production activities.
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