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These are goods which have the quality of substitutability. In law they are sometimes described as fungible. Basically if you want a pound of rice from a sack of rice, it doesn't matter which grains from the sack you get, because all of the grains in the sack are interchangeable.
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Is milk a commodity or a product?
commodity
Is oil a commodity?
Yes oil is a commodity....
What is a commodity trading system?
Commodity trading systems are methods to trade in the commodity market in a mechanical fashion. The system will automatically notify you when to buy and sell a commodity.
What is commodity dependence?
When a country relies on a certain commodity.
What are the types of commodity exchange?
Importance of commodity exchange
Difference between money and commodity?
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.
Difference between money and other commodities?
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.
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
Is milk a commodity or a product?
commodity
Is mineral oil a homogeneous or heterogeneous mixture?
It is homogeneous.
Is salt homogeneous or homogeneous?
homogeneous
Is spaghetti sauce a homogeneous or heterogeneous?
Heterogenous
What is the opposite of selling a commodity?
Buying a commodity.
What are the types of commodity?
Importance of commodity exchange
Is oil a commodity?
Yes oil is a commodity....
Is saliva a heterogeneous or homogeneous?
it is homogeneous
Is yogurt a heterogeneous or homogeneous mixture?
homogeneous
