A simple frequency list isn't a bad start, but it has a lot of downsides as well vs. something that would be more editorialized by linguistic experts. E.g. there are too many ties (in terms of frequency), too much emphasis on deriving these lists from the written language (often very different from how people speak), and maybe the word selection isn't balanced enough for like an "MVP for communication"
If anyone knows what this concept is called, then I would be able to search for that dictionary for each language I'm interested in, or just learn more about the research that has been done in this area. Thanks!
In Language Pedagogy, these lists are meant as a starting point for the creation of more useful, editorialized lists.