Final answer:
Commodification refers to the process of transforming goods, services, or ideas into commodities with monetary value for trading in markets. It leads to mass production, overconsumption, worker alienation, and influences consumerist attitudes.
Step-by-step explanation:
The concept of commodification conveys the transformation of goods, services, or ideas into commodities with monetary value, which can be traded in a market. This process, deeply integrated into industrial and capitalist societies, involves the selling of not just physical goods but also labor, where work becomes a commodity and workers sell their labor for wages. The pursuit of profit in a capitalist economy leads to a focus on mass production, which can result in a variety of social and economic consequences, such as overconsumption, environmental damage, and the alienation of workers from the products of their labor. Commodification can also influence consumerism, as marketing and advertising encourage people to view commodities as embodying social status or personal fulfillment, distracting from the conditions under which they were produced.