Simple commodity production (also known as "petty commodity production"; the German original word is einfache Warenproduktion) is a term coined by Frederick Engels to describe productive activities under the conditions of what Marx had called the "simple exchange" of commodities, where independent producers trade their own products. The use of the word "simple" does not refer to the nature of the producers or of their production, but to the relatively simple and straightforward exchange processes involved.
Read more about Simple Commodity Production: Origins, Relations of Production, From Simple Commodity Production To Capitalist Production, Marxian Economics
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