Plantation economy

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A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations. Plantation economies rely on the export of cash crops as a source of income. Prominent crops included Red Sandalwood, 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.^[1]