give two examples of commodification of things or services which were not a part of market exchange earlier
Answers
Within a capitalist economic system, commodification is the transformation of goods, services, ideas, nature, personal information or people[1][2][3] 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.[4]
Within a capitalist economic system, commodification is the transformation of goods, services, ideas, nature, personal information or people[1][2][3] 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.[4]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.[5][6] Human commodity is a term used in case of human organ trade, paid surrogacy also known as commodification of the womb, and human trafficking.[1][2][7] Slave trade as a form of human trafficking is a form of the commodification of people. According to Gøsta Esping-Andersen people are commodified or 'turned into objects' when selling their labour on the market to an employer.[8]
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