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What else can I help you with?
Is labor considered a commodity in the modern economy?
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Which statement applies to modern commodity markets?
they are global
A prized commodity from east Africa in the modern ear was?
coffee!
Where are commodity derivatives traded?
Modern commodity derivatives trading is more appeal to the people outside of the commodities industry. This type of investment has been started since 1848.
What are two big categories of money in which category does modern US dollar begin?
The two big categories of money are commodity money and fiat money. Commodity money is backed by a physical commodity, such as gold or silver, while fiat money has no intrinsic value and is not backed by a physical asset but is declared legal tender by government decree. The modern US dollar falls under the category of fiat money, as its value comes from the trust and confidence of the people who use it rather than a physical commodity.
What is difference between fiat money an commodity money?
Fiat money is currency that has no intrinsic value and is not backed by any physical commodity; its value is derived from government regulation and public trust. In contrast, commodity money is based on a physical good, such as gold or silver, which has inherent value. While fiat money is widely used in modern economies, commodity money was more common in earlier times, reflecting tangible assets. Essentially, fiat relies on faith in the issuing authority, whereas commodity money has value based on the actual commodity.
Mao won and China became?
They became independent of the colonial powers. They became communist. They became desperately poor. They became modern.
What does not describe commodity money?
Commodity money is not characterized by its arbitrary value; rather, it has intrinsic value based on the material it is made from, such as gold or silver. Additionally, it is not easily divisible or portable compared to modern forms of currency. Unlike fiat money, which derives its value from government decree, commodity money's worth is derived from the actual commodities themselves.
Did west Pakistan became the modern country?
no
How different is modern shopping center and neighbourhood shop?
modern shopping centre accuire all type of things you need to shop under one roof while in a neighbourhood shop you will get a paticular type of commodity.
The colonies of british Guiana and dutch Guiana became what modern countries?
British Guiana became Guyana and Dutch Guiana became Suriname.
What is salt of the earth or salt earth?
"salt of the earth" means a valuable person. You'd never know it from modern society, but salt used to be a very valuable commodity.
