What is commodity chain in AP Human Geography?
A commodity chain is essentially an organized network of labor and production processes, which starts with the extraction or production of raw materials and concludes with the transportation of the finished product/commodity to the market.
What is a commodity chain quizlet?
commodity chain. series of links connecting the many places of production and distribution and resulting in a commodity that is on world market. developing. with respect to a country, making progress in technology, production, and socioeconomic welfare.
What is an example of commodity chains?
The relatively capital-intensive manufacture of automobiles, aircraft and electrical machinery can be thought of as examples of producer-driven commodity chains.
How do segments of the commodity chain differ in core and periphery countries?
Associated with the segment of global commodity chains located in the core. The segments located in the periphery, by contrast, tend to be associated with low technology, less education, little research and development, and lower wages.
What does the term supply chain imply?
A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.
What is commodity theory?
a theory proposing that the value of a product or service is related to its availability. In general, a product that is in short supply is perceived as having greater value than one that is readily available. However, a product’s value is also related to the demand for it.
What is the concept of a commodity chain?
A commodity chain refers to “a network of labor and production processes whose end result is a finished commodity.” The attention given to this concept has quickly translated into an expanding body of global chains literature.
What is included in a commodity chain?
“They are a network of labour and production processes whose end result is a finished commodity”. 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.
What is the concept of commodity chains?
What starts a commodity chain?
The definition of a commodity chain for an agricultural product starts with the raw material, as grown in the country and can then be divided into a system of “sub-chains”, representing the different uses and processes involving the product after harvesting.
How does commodity chain work?
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.
What is an example of a global commodity?
Some traditional examples of commodities include grains, gold, beef, oil, and natural gas. More recently, the definition has expanded to include financial products, such as foreign currencies and indexes. Technological advances have also led to new types of commodities being exchanged in the marketplace.
What is the definition of a commodity chain?
Definition. Commodity chain. Series of links connecting the main places of production and distribution and resulting in a commodity that is then exchanged on the world market. Gross National Product ( GNP) the total value of all goods and services produced by a country during a given year.
What is a GNP AP Human Geography?
Consequently, what is GNP AP Human Geography? gross national product (GNP) the total value of all goods and services produced by a country’s economy in a year. gross domestic product (GDP) the total value of all goods and services produced within a country during a given year. Also, how is development defined and measured?
Where are the periphery and semi periphery zones located?
Zones established by many countries in the periphery and semi-periphery where they offer favorable tax, regulatory and trade arrangements to attract foreign trade and investment The term given to zones in northern Mexico with factories supplying manufactured goods to the U.S. Market.