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.