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A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.
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What is economic system used by South Africa?
mixed economic system
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
What economic system is used in India?
market economy
What is the difference between a commodity and a good?
Commodity is what is used to produce a Goods.Goods gets to the end user. Example; Flour (commodity) and Bread (Goods).
Why does commodity have value?
commodity money is a good that can be used as a medium of exchange or for some other purpose
What is a commodity future trading system used for?
A commodity future trading system is used for trading commodity shares electronically and automatically. The system alerts the user when they need to buy or sell.
What is economic system used by South Africa?
mixed economic system
Economic system used to make money?
The biggest economic system used to make money is capitalism. Which is a system of free enterprise.
Was wheat used as commodity money by the American colonies?
where was salt used as commodity money
What economic system is used in India?
market economy
Modified capitalist system Lenin used to avoid economic disaster?
New economic policy.
What is the difference between a commodity and a good?
Commodity is what is used to produce a Goods.Goods gets to the end user. Example; Flour (commodity) and Bread (Goods).
What is The economic system that European nations used to enrich their treasuries?
Mercantilism
Why does commodity have value?
commodity money is a good that can be used as a medium of exchange or for some other purpose
How are Commodity Funds used?
A commodity fund invests in commodities like food and precious metals. If the price of the commodity goes up, you make money. Commodity funds are used for investments in such as oil, corn, soy, or gold. Investing in items that are everyday use.
What is economic system in England?
England is based on captialsm and free market. This system is used to ensure fairness.
When are commodity bearings used?
Commodity bearings are used in rotating elements that have relatively low revolutions per minute and do not face extreme stresses.
