What is commodity production and how will it exist under communism or not exist? Is it TVs and things? Plz explain and no bulli.
What is commodity production and how will it exist under communism or not exist? Is it TVs and things...
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Commodity production is production not for use or need but simply because something can be exchanged for money. The item is merely a means to an end.
I see. So under Communism would items be produced based solely on public demand/want/need for those items?
Production for use, yes.
under communism there will be no markets, first of all
produced by whom? there will be no authorities of production
Seems like "commodity production" is a poor word for it, to me. When I hear "commodity" I think of a homogeneous product with a completely irrelevant origin to be produced and consumed "objectively", without concern to subjective factors, which I don't think anyone worth taking seriously would oppose.
Oh that makes much more sense now. Thank you. So, while under Capitalism production is based on exchange and if producing an item would be profitable, under Communism items would be produced for practical use, where in capitalism a start up with a good idea may fail because that idea is not profitable, under communism that idea would be allocated resources based on its potential use? Is that correct?
Produced by peopleā¦? I don't exactly understand what you mean.
You mean like bread? Or something necessary to society?
Yes; "Bread" as opposed to "Nature's Own" bread, or a tablet as opposed to an iPad.
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Hope this helps OP.