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| A '''commodity chain''' is a process used by ]s to gather ]s, transform them into goods or ] and, finally, distribute them to consumers. It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market. In short, it is the connected path from which a good travels from producers to consumers. Commodity chains can be unique depending on the product types or the types of markets. Different stages of a commodity chain can also involve different economic sectors or be handled by the same business. | A '''commodity chain''' is a process used by ]s to gather ]s, transform them into goods or ] and, finally, distribute them to consumers. It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market. In short, it is the connected path from which a good travels from producers to consumers. Commodity chains can be unique depending on the product types or the types of markets. Different stages of a commodity chain can also involve different economic sectors or be handled by the same business.<ref></ref> | ||
| A number of commentators have remarked that in the Internet age commodity chains are becoming increasingly more transparent. The Wikichains.com project has adopted the same wiki technology used by Misplaced Pages in order to help make commodity chains more transparent. "They are a network of labour and production processes whose end result is a finished commodity". William Jones Esq. | A number of commentators have remarked that in the Internet age commodity chains are becoming increasingly more transparent. The Wikichains.com project has adopted the same wiki technology used by Misplaced Pages in order to help make commodity chains more transparent. "They are a network of labour and production processes whose end result is a finished commodity". William Jones Esq. | ||
| == Notes == | |||
| We can refer the Commodity Chains and Marketing Chains by Miguel Korzeniewicz to have a detailed knowledge on this. | |||
| {{Reflist}} | |||
| {{econ-stub}} | {{econ-stub}} | ||
Revision as of 23:59, 19 February 2013
A commodity chain is a process used by firms to gather resources, transform them into goods or commodities and, finally, distribute them to consumers. It is a series of links connecting the many places of production and distribution and resulting in a commodity that is then exchanged on the world market. In short, it is the connected path from which a good travels from producers to consumers. Commodity chains can be unique depending on the product types or the types of markets. Different stages of a commodity chain can also involve different economic sectors or be handled by the same business.
A number of commentators have remarked that in the Internet age commodity chains are becoming increasingly more transparent. The Wikichains.com project has adopted the same wiki technology used by Misplaced Pages in order to help make commodity chains more transparent. "They are a network of labour and production processes whose end result is a finished commodity". William Jones Esq.
Notes
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