Question

In the long term, what economic policy is born out of commodification

Answer 1

Answer:

capitalism.

Explanation:

Commodification can be defined as the transformation of something into some good or service that can generate value for an individual and generate profit through its commercialization.

In the long run, commodification has instituted capitalist economic policy on the basis that capitalism is the generation of profits.

A capitalist system works by operating private properties of commerce and industry without state interference so that they can transform something into goods to be sold on the market and accumulate profits.

Individuals have needs that are met by the economy in the form of products and services, which feed the market and the capitalist system is strategically taking advantage to increasingly institute the commodification that will make the system achieve the main objective of wealth accumulation.