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This may be regarded as the essence of capitalism where extreme cornucopia and impoverishment exists side by side. The most prominent reason is that the profits of multinational corporations are knowing no bounds when a substantial part of the world is reeling under acute food crisis. What is most striking is that these huge margins of profits are originiating from giant agribusinesses. They are ..
The word commodity is a term with distinct meanings in business and in Marxian political economy. For the former, it is a largely homogeneous product, whereas for the latter, it refers generically to wares offered for exchange. Linguistically, the word commodity came into use in English in the 15th century, being derived from the French word "commodité" , meaning today's (2000) "convenience" in term of quality of services. The Latin root meaning is commoditas, referring variously to the appropriate measure of something; a fitting state, time or condition; a good quality; efficaciousness or propriety; and advantage, or benefit. The German equivalent is die Ware, i.e. wares or goods offered for sale. The French equivalent is "produit de base" like energy, goods, industrial raw materials.
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