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Q: What is example of fungible good in economics?
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Related questions

What is in example of fungible good?

potatoe


Is the best example of a fungible good apex?

Potatoes


What is the purpose of a supply schedule?

what is a fungible good


How do you use fungible in a sentence?

If something is fungible it can be broken into pieces without losing much of its value. Something is fungible or it is not. Gold can be melted down and split into smaller bars with no loss of value, therefor it is fungible. Gasoline is fungible, you can sell two half gallons for the same price as a single gallon. A race horse is not fungible. An iPod is not fungible. A rare coin is not fungible. You're not fungible. Hope this helps.


What is the difference between a fungible good and nonfungible good?

A fungible item can be thought of as a "liquid asset". Usually it can be converted to monetary assets, but it may take more than one step in that process.


What is fungible?

Production of rice.


What is non fungible in law?

In law, "non-fungible" refers to unique assets that cannot be easily replaced or exchanged for something else of equal value. This is important in various legal contexts, such as intellectual property rights or unique physical assets like art or collectibles, where the individual characteristics of the asset are significant.


Is KFC an good example of a monopoly?

yes, kfc is good for all points u can earn money,economics for goverment.


What is the plural form of Economics?

Economics... when used with a plural verb. For example, 'what are the economics of such a venture?'


Does fungible mean interchangeable?

Yes it does


What is an example of margin in economics?

KK


Why are NFTs (non-fungible tokens) trending?

greed