Fixing the price
Anything that has worth can be a commodity; think of all the government secrets other governments want to know.
One of the main jobs of an commodity trading broker is to buy and sell commodity contracts in behalf of clients. In doing so an commodity trading broker can charge a commission to their client for its services.
The three forms of money are commodity money (like gold and silver), fiat money (issued by a government and not backed by a physical commodity), and representative money (backed by a physical commodity, but can be exchanged for that commodity).
Commodity-backed money is just what it sounds like: it's a currency where every unit of money--dollars, say--is backed by a stated amount of a commodity held in reserve by the government.
Commodity-backed money is just what it sounds like: it's a currency where every unit of money--dollars, say--is backed by a stated amount of a commodity held in reserve by the government.
Custom duty
During the great depression trains stopped in near Oakdale and distributed whatever commodity goods they had. It must have been a government backed program. My father's first pair of shoes came off a "Commodity Train".
government want to statutory control over price of some specific commodity
he government must know what you are doing. When you are doing it. The government is watching you. Also, the government decides where the money goes. he government must know what you are doing. When you are doing it. The government is watching you. Also, the government decides where the money goes.
The Commodity Credit Corporation is a wholly owned government corporation created in 1933 to "stabilize, support, and protect farm income and price". The CCC, which has no staff, is essentially a financing institution for USDA's farm price and income support commodity programs, commodity export credit guarantees, and agricultural export subsides.
Flat money, or fiat money, is currency that has no intrinsic value and is not backed by a physical commodity; its value is derived from government regulation and trust in the issuing authority. In contrast, commodity money is backed by a physical asset, such as gold or silver, which gives it intrinsic value based on the material it is made from. While fiat money relies on the stability and credibility of the government, commodity money's value is tied to the market value of the underlying commodity. This fundamental difference affects how each type of money functions within an economy.
The government does not even know what IT is doing, No.