7. Explain commoditization of Culture
Answers
Explanation:
Within a capitalist economic system, commodification is the transformation of goods, services, ideas and people into commodities or objects of trade. A commodity at its most basic, according to Arjun Appadurai, is "anything intended for exchange," or any object of economic value.
commoditization
Within a capitalist economic system, commodification is the transformation of goods, services, ideas and people[1][2] into commodities or objects of trade. A commodity at its most basic, according to Arjun Appadurai, is "anything intended for exchange," or any object of economic value.[3]
Commodification is often criticised on the grounds that some things ought not to be treated as commodities—for example water, education, data, information, knowledge, human life, and animal life.[4][5] Human commodity is a term used in case of human organ trade, of paid surrogacy also known as commodification of the womb, and human trafficking.[1][2][6]
According to Gøsta Esping-Andersen people are commodified or 'turned into objects' when selling their labour on the market to an employer.[7] Slavery is a form of the commodification of people.