A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on:
1. the existence of wage labor;
2. the private ownership of the means of production;
3. a state-sanctioned market for exchange.
Under commodity production, products are made not for use (use value) but rather to make a profit (surplus value). The defining feature of commodity production is that the workers make things they do not need in exchange for a wage which allows them to purchase the things they require to survive.
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