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What does commodification mean?

Looking for the meaning or definition of the word commodification? Here's what it means.

Noun
  1. The assignment of a commercial value to something previously valueless.
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The commodification of leisure in particular is central to the second chapter.
For right-wing politicians, this commodification is associated with an invasive, alien, foreign culture.
In the hands of a garden-variety appropriationist, the hats would represent a satiric comment on the commodification of individualism.
They are also protesting the commodification of public goods and services, like water, electricity and garbage collection.
Generally, cooptation and commodification have been omnipresent concomitants of efforts to reach wider audiences through major labels.
But their ascent to this status depended largely on the processes of industrialisation, urbanisation and commodification.

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