👉 Commodation in the context of economics refers to a situation where two or more parties engage in transactions that are not mutually beneficial. In this sense, a commodity is a product or service whose demand is directly related to its supply and which can be easily exchanged for other goods or services without a significant cost difference. Commodations often arise when one party seeks to obtain the benefit of another's resources, such as capital or labor, while simultaneously seeking to reduce their own costs through production or management practices.
