Which of the following statements about commodification are correct?
(A) Commodification occurs when things that were earlier not traded in the market become commodities.
(B) Labour or skills becoming things that can be bought and sold is an instance of commodification.
(C) According to Adam Smith and other critics of capitalism, the process of commodification has negative social effects.
(D) According to many people, human organs should not become commodities.
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → A, B and D only
(A) Commodification occurs when things that were earlier not traded in the market become commodities. — Correct. This is the meaning of commodification: things that were earlier not traded in the market become commodities.
(B) Labour or skills becoming things that can be bought and sold is an instance of commodification. — Correct. Labour or skills turning into things that can be bought and sold is a standard example of commodification.
(C) According to Adam Smith and other critics of capitalism, the process of commodification has negative social effects. — Incorrect. The view that commodification has negative social effects belongs to Marx and other critics of capitalism. Adam Smith supported the free market and was not a critic of capitalism.
(D) According to many people, human organs should not become commodities. — Correct. The sale of kidneys by the poor to rich patients has caused controversy, and many people hold that human organs should not become commodities.
NCERT (2026-27): “Commoditisation and Consumption |