0
Yes, a television can be considered an example of a commidity. However, it's not a commodity in the Stock Market meaning of the term. A TV cannot be traded like a stock.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Why is lumber considered a commodity?
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
What does commodity gold mean?
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Product that is considered the same no matter who makes it or sells it?
Commodity
What is the antonym for the word 'novelty'?
Well, if you're talking about technology or related aspects, the antonym of "novelty" would be "commodity" ex:"Flat panel TVs are still a novelty in the market, and they might take some time to become a commodity."
Some individuals or families can become completely saturated with a service such as television This suggests that?
desires for a single commodity can be satisfied
In the US oil is considered what?
Not sure exactly what the question means, but oil is considered a commodity.
What is the difference between commodity standard from a non-commodity standard?
A commodity standard is products and services that may vary slightly in quality, but are overall the same across various producers of the same products and services such as gold or oil. All commodities must meet a minimum standard called the basis grade. A non-commodity standard is measured mainly from a product perspective rather than a service perspective such as a certain brand of television or vehicle and its global quality standards.
Milk is considered a commodity because it is which of the following?
the same product regardless who sells it
Is water the most important commodity?
Water is the most important commodity, without it life cannot be sustained.
Why is milk considered a commodity?
A commodity is something sold primarily on price rather than on some characteristic of the product. Because non-organic cow's milk is pretty much the same no matter where you get it, it is sold primarily on price and is therefore considered a commodity. Specialty milks--organic, lactose-free, flavored, from Jersey cattle--are sold on a particular characteristic of the product, so they're not commodities.
4 similarities between money & commodity?
What is the difference between money and commodity? Commodity money is a sort of money that is considered as a present good. Whereas, fiat money is a future obligation as it is simply a promise to pay in the future. Payment is never made when it comes to fiat money, instead it is only discharged. But commodity money, on the other hand, completes the transaction.
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
