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What is commoditization?

What is commoditization? Here are some definitions.

Noun
  1. The transformation of something into a commodity
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Another aspect of the commoditization of gas has been the development of futures markets and the use of a variety of hedging instruments.
The market is globally characterized by a relative lack of commoditization.
The increasing commoditization of knowledge and limitation of ownership are disturbing, as is the mounting loss of independence in research.
The commoditization of global agriculture has aggravated the destabilizing effects of these large-scale land grabs.
But with MPLS commoditization, service providers now face price and margin erosion on their VPN offerings.
As I have indicated before, the Liberal Party does not support the bulk water export diversion and commoditization of Canada's water resources.

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