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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 commoditization with the help of examples.
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Answer

Commoditisation:
  1. Commoditisation occurs when things that were earlier not traded in the market become commodities.
  2. Labour and skills become things that can be bought and sold.
  3. Sale of kidney by the poor to cater to rich patients who need kidney transplants.
  4. Traditionally marriages were arranged by families but now there are professional marriage bureaus.

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