Misplaced Pages

Commodity chain

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

This is an old revision of this page, as edited by Corrado72 (talk | contribs) at 18:42, 15 March 2024 (added link to wikichains.org text string). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 18:42, 15 March 2024 by Corrado72 (talk | contribs) (added link to wikichains.org text string)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

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.org 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 commodity chain demonstrates that each link of an extended chain of production and consumption links between resource producers and suppliers, various manufacturers, traders and shippers, wholesalers, and retailers. Rather than a linear chain, a circuit-board is a better metaphor for this concept because things are interconnected in so many ways, not just a mere straight line. This source explains global commodity chains in depth.

Notes

  1. "Geography of transportation". Archived from the original on 2016-03-03. Retrieved 2007-12-13.
  2. Lee, Joonkoo (2017). Global Commodity Chains and Global Value Chains. doi:10.1093/acrefore/9780190846626.013.201.
Stub icon

This economics-related article is a stub. You can help Misplaced Pages by expanding it.

Categories: