Commodity Resources

Commodity Resources

 

in socialist countries, consumer goods that are earmarked for sale in the domestic market or for export. Commodity resources comprise finished agricultural and industrial goods produced either in current or preceding periods, as well as the carry-over of inventories and imported goods. The resources make up the supply of goods that are offered on the market to meet demand. Commodity resources do not encompass all consumer goods produced; some remain with the producers for internal needs and for consumption in kind. However, it is also possible for the resources to exceed the volume of goods produced because of carry-overs of inventories and imports.

The principal source of commodity resources is industrial and agricultural production. Hence, the development and improvement of production constitute a necessary condition for providing consumer goods to the population in accordance with demand. Commodity resources comprise food and nonfood items. The greater part of commodity resources is subject to state planning and constitutes planned commodity inventories. The rest is sold locally through decentralized transactions, through the kolkhoz market, or through commission sales by consumer cooperatives.

State planning determines the size of commodity resources, in both physical and monetary terms, the sources of the resources, and the designated uses. Resources are allocated for sales to consumers, for export, for industrial processing and consumption, for supply to state institutions, for industrial clothing, and for other state needs. The development of socialist production has led to a steady growth of commodity resources.

B. I. GOGOL

References in periodicals archive ?
Indeed some observers contend it has an epic housing bubble which is ripe to pop and warn it has failed to rebalance its economy away from commodity resources.
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That is what Chinaoil is doing now, and together with Shell and Unipec, they have become a major player in the Platt's Dubai market," said Adi Imsirovic, general manager at Clearsource Commodity Resources, a trading company.
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Income tax is 15 per cent, sovereign and private debts are low,oil and gas revenues are booming and commodity resources are prodigious.
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No, this time, commodity resources are the primary constraint, rather than
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Other sponsors were the Church of Scientology, Commodity Resources, D & S Exotic Birds, Del Taco, Dr.
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The interest is not just focused on the bulk commodity resources boom, but also companies that have exposure to both the infrastructure and oil and gas sectors," Lincoln Crowne's Executive Director Nicholas Assef commented.