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Acronyms that contain the term plantation economy
What does plantation economy mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: plantation economy.
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What does plantation economy mean?
- Plantation economy
- A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops grown on large farms called plantations. Plantation economies rely on the export of cash crops as a source of income. Prominent crops included cotton, rubber, sugar cane, tobacco, figs, rice, kapok, sisal, and species in the genus Indigofera, used to produce indigo dye. The longer a crop's harvest period, the more efficient plantations become. Economies of scale are also achieved when the distance to market is long. Plantation crops usually need processing immediately after harvesting. Sugarcane, tea, sisal, and palm oil are most suited to plantations, while coconuts, rubber, and cotton are suitable to a lesser extent.
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