Commodity chain
Encyclopedia
A commodity chain is a sequential process used by firms to gather resource
s, 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.http://people.hofstra.edu/geotrans/eng/ch5en/conc5en/ch5c3en.html
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 Wikipedia 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.
Resource
A resource is a source or supply from which benefit is produced, typically of limited availability.Resource may also refer to:* Resource , substances or objects required by a biological organism for normal maintenance, growth, and reproduction...
s, transform them into goods or commodities
Commodity
In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services....
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.http://people.hofstra.edu/geotrans/eng/ch5en/conc5en/ch5c3en.html
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 Wikipedia 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.