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Money:-
A value that serves as a generally accepted medium of exchange. Money have indirect utility. Money cannot be pinpointed or specified.
Commodity:-
A reasonable homogeneous good or material that can bought and sold freely. The commodity have direct utility. The commodity can be pinpointed or specified.
Wiki User
∙ 11y ago
Busayo Oyetunji
Wiki User
∙ 14y agoyes money could also be called a commodity cos any thin in simple words have a fluctuation on prices or the value could increase or decrease as to feed the demand could be termed as a commodity ..
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What is the difference between money and and Commodity?
Money is what people use as the predominant item in exchange for everything else in the market. Commodities on the other hand can be useful by themselves and therefore usually do not qualify as a good type of money with the notable exception being gold and perhaps silver.
What is an Exchange of commodities for money or other commodities?
just that; an exchange. Maybe a sale? its called a trade
What is the difference between a Guest and a Customer?
Guest is the visitor that comes to your own place. He is gladly received, served with the best treats, and asked to repeat his visit. On the other side, customer is a purchaser. He is interacting in trading; he offers money and receives commodities, but not hospitality.
What was the difference between money issued by colonies and money issued by the continental congress?
Other colonies have money.
What was the difference between money issues by colonies and money issued by the continental congress?
Other colonies have money.
What is barter system?
In a barter system commodities are exchanged with commodities without the use of money. But in such a system two parties are required who are ready to buy and sell each other’s commodities. It is a primitive system.
What is a protected tariff intened to protect?
The difference between money paid to, and received from, other nations in trade is the
What is the difference between an NRE and NRO account?
The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.
What is the difference between NRE and NRO accounts?
The difference between an NRE and NRO account is that with an NRE account, you can't transfer money any way other than remittance from abroad. With NRO accounts, money is freely transferable.
According to sociologists, what is the difference between income and wealth?
One is money you earned each week from work; the other is money already saved :)
What is the difference between theft and extortion?
Theft is when someone take other's property or material or money or other belongings without their knowledge. Extortion is the money or things asked as threat
What is the difference in APR between a home equity loan and line of credit?
Th biggest difference is loans are money you put down and credit is when you borrow the money to put a equity on the house. So with other words the one is cash and the other one not.
