commodity production
Frequency: 7.010.3 per million words
The process of creating goods and services for sale.
Categories:
Examples (10)
- The country's economy is heavily reliant on commodity production, especially oil and gas.
- Karl Marx analyzed the shift from simple handicraft to large-scale commodity production.
- Modern agriculture has intensified commodity production to meet global demand for food.
- The environmental impact of large-scale commodity production is a growing concern for policymakers.
- Automation will drastically change the landscape of commodity production in the next decade.
- Our company is shifting its focus away from simple commodity production towards specialized, high-value goods.
- For many developing nations, increasing commodity production is seen as a key step towards economic growth.
- Understanding the history of commodity production is essential for grasping the complexities of the modern global market.
- Over-reliance on commodity production can make an economy vulnerable to price fluctuations.
- The rise of capitalism was intrinsically linked to the expansion of commodity production.