The mechanism of commodification involves platforms transforming online and offline objects, activities, emotions and ideas into tradable commodities. These commodities are valued through four different types of currency: attention, data, users and money. Commodification is intensified by mechanisms of datafication, as the massive amount of user data is collected and processed by online platforms.
This provides insight into users' interests, preferences and needs at particular moments in time. It also ties into mechanisms of selection, as these users are connected with personalized services and advertisements. Commodification includes, but does not equal, the business models of singular platforms.
Rather, the mechanism plays out in the multi-sided markets created through the platform ecosystem, which connects the infrastructural core with sectoral platforms. Commodification mechanisms are simultaneously empowering and disempowering to users. The connector platforms allow individual users to market their personal assets or experiences online, be it their apartments, ride, eyewitness report or video.
They help commodify users' activity, enabling users to become entrepreneurs in their own right. On the other hand, the same platform mechanisms of commodification involve the exploitation of cultural labour, the labour of users and on-demand service workers. Furthermore, these mechanisms lead to a concentration of economic power in the hands of a few platform owners and operators who act as aggregators and gatekeeping mediators.
According to the passage, when ideas and emotions are converted into tradable commodities, it is a form of
The answer is commodification.
The passage says commodification transforms objects, activities, emotions and ideas into tradable commodities.
So converting ideas and emotions into tradable goods is exactly this process.
Hence it is a form of commodification.
The platforms drive this transformation.
The other options do not name this process.
So the answer is commodification.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Practise on Mcqkart →🎓 Book an expert →