Explain the meaning of 'Commoditisation' with the help of examples.
The meaning of 'Commodification' or 'Commoditisation' is explained below:
Commodification occurs when things that were earlier not traded in the market
become commodities. Examples:
1. Under commodification labour or skills become things that can be bought and sold.
2. Earlier, human beings themselves were bought and sold as slaves,(like:sale of kidneys) but today it is considered immoral to treat people as commodities.
3. Traditionally, marriages were arranged by families, but now there are professional marriage bureaus and websites that help people to find brides and grooms for a fee. In this way, things or processes got commodified.
4. In earlier times, social skills such as good manners and etiquette were imparted mainly through the family. But now through privately owned schools and coaching classes, it also has commodified.
