0
Commodities are products that are bought and sold exclusively on price, rather than by any special features of the product.
An easy and common example is wheat. There are two kinds of wheat in the market: hard wheat, which is used for bread, and soft wheat, which is used for pastries. All hard wheat works the same, so you buy it on price.
Add your answer:
Earn +20 pts
When economist says that money serves as a medium of exchange they mean that it is?
They mean that it serves as a way of exchange commodities.
What is a buyer and seller of commodities for profit called?
It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.
What is meant by the term commodities and futures?
Commodities are services and goods. Soft commodities are goods that are grown, hard commodities are goods that are mined. A futures is a contract to buy commodities or financial instrument set in certain time in the future. These contracts are traded.
Does the price of commodities remain unchanged during the change in demand of those commodities?
Almost certainly not.
What does the term commodities trading mean?
The term "commodities trading" basically means that things are being traded instead of stocks. The things that are often traded are in goods, like food. Typically, as supply goes down, demand goes up, and so does price.
What does globally traded commodities mean?
Pretty much what it sounds like.
Why commodity stock's earning is extremely price sensitive?
What do you mean by commodity stock? Do you mean a manufacturing company's stock or do you mean an ETF that invests in commodities? Commodities aren't stocks, they are bought and sold on commodity exchanges, usually in futures contracts.
When economist says that money serves as a medium of exchange they mean that it is?
They mean that it serves as a way of exchange commodities.
What changes observed in primary commodities?
The freshness of the primary commodities is the observed changed. Primary commodities refers to the commodities in unprocessed state.
What is a buyer and seller of commodities for profit called?
It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.
What does agflllation mean?
'Agflation' is the rising food prices caused by increased demand for agricultural commodities.
What is meant by the term commodities and futures?
Commodities are services and goods. Soft commodities are goods that are grown, hard commodities are goods that are mined. A futures is a contract to buy commodities or financial instrument set in certain time in the future. These contracts are traded.
What is a commodities letter of credit?
It is a Letter of Credit covering commodities.
When was Commodities Corporation created?
Commodities Corporation was created in 1969.
What is Danske Commodities's population?
The population of Danske Commodities is 135.
What are the top 5 commodities in Georgia?
gold, silver, copper, oil and bronze are the top 5 commodities. they are widely traded in commodities market.
Why did some ancient Greek settlements trade?
To exchange their surplus commodities for other commodities they needed. To make a financial profit from trading commodities and services.
