What Is Commodification

question 84

Multiple Choice

What is commodification?

• A) the process of transforming all things into products that can be bought and sold
• B) the act of buying products that were previously unavailable
• C) the process of looking past the monetary worth of products and services to see their intrinsic value
• D) taking products from one country and exporting them across the world

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Definitions:

Negotiable Instrument

An official note promising the payment of a designated amount of money, either immediately upon asking or at a fixed time, with the individual who is to pay mentioned in the note.

Lack of Delivery

Failure to physically transfer a product, item, or document to its recipient or to fulfill a promise or obligation by the agreed-upon date.

Promissory Note

A written promise to pay a specified sum of money to a designated person at either a fixed or determinable future time.

Contributory Negligence

A legal defense that involves the failure of an injured party to be careful enough to ensure personal safety.