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The Market as a Social Institution — Sociology STD 12 Humanities — Question

CBSE BoardEnglish MediumSTD 12 HumanitiesSociologyThe Market as a Social Institution4 Marks
Question
Explain the meaning of 'commoditisation' with the help of examples.
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Answer

Commoditisation occurs when things that were earlier not traded in the market become commodities. For example:
  1. Labours or skills have become things that can be bought and sold.
  2. Sale of human organs, such as kidneys by poor to cater to rich patients to earn money.
  3. Traditionally, marriages were arranged by families but now professional marriage bureaus and websites help people to find brides and grooms and take a proper fees. Earlier rituals and ceremonies were planned out by elders in the family but now it is given as a contract to marriage planners to plan out the entire ceremony.
  4. In earlier times, people could not have even thought that any one could sell drinking water or charge money for it. But today, we buy bottled water.as a normal commodity i.e. a commodity we can buy and sell.

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