Karl Marx agreed that capitalism is a system of commodity production through the use of wage labour. Which of the following represents commodification ?
(1) More and more commodities are available in market
(2) More labour power is used to produce commodities
(3) Things that were earlier not traded in the market become commodities
(4) Increasing customization is happening in the production of commodities
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Things that were earlier not traded in the market become commodities
Option (3) Things that were earlier not traded in the market become commodities — Correct. Commodification occurs when things that were earlier not traded in the market become commodities. For instance, labour or skills become things that can be bought and sold.
NCERT (2025-26): “Commoditisation and Consumption … The growth of capitalism around the world has meant the extension of markets into places and spheres of life that were previously untouched by this system. Commodification occurs when things that were earlier not traded in the market become commodities. For instance, labour or skills become things that can be bought and sold.…” |