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What circumstance would corn be considered a commodity?
Corn is considered a commodity when it is produced in large quantities and sold on the market without differentiation from other corn. This typically occurs when it is traded on exchanges, such as the Chicago Board of Trade, where it is standardized in terms of quality and grade. Additionally, corn becomes a commodity when it is used as a raw material in various industries, such as food production, animal feed, and biofuels, making it widely interchangeable. The market dynamics of supply and demand also play a crucial role in categorizing corn as a commodity.
Which of the follwing is a product that is considered a commodity?
A product considered a commodity is one that is interchangeable with other goods of the same type and is typically produced in large quantities. Common examples include agricultural products like wheat, corn, and rice, as well as natural resources like crude oil and gold. These commodities are traded on exchanges and their prices fluctuate based on supply and demand.
What is californias number one produced commodity?
California's number one legal commodity is dairy products--milk, butter and cheese. California's number one commodity is marijuana, but you're not supposed to be growing that.
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Is olive oil a commodity?
Yes, olive oil is considered a commodity, as it is a bulk product traded in large quantities on the market. It is produced in various regions, primarily around the Mediterranean, and its price can fluctuate based on factors like supply, demand, and quality. While there are different grades and types of olive oil, the fundamental product is standardized enough to be treated as a commodity in trade.
Where is enzyme cellulase produced?
its were your stomach is and it is mostly produced in large quantities
What circumstance would corn be considered a commodity?
Corn is considered a commodity when it is produced in large quantities and sold on the market without differentiation from other corn. This typically occurs when it is traded on exchanges, such as the Chicago Board of Trade, where it is standardized in terms of quality and grade. Additionally, corn becomes a commodity when it is used as a raw material in various industries, such as food production, animal feed, and biofuels, making it widely interchangeable. The market dynamics of supply and demand also play a crucial role in categorizing corn as a commodity.
Which of the follwing is a product that is considered a commodity?
A product considered a commodity is one that is interchangeable with other goods of the same type and is typically produced in large quantities. Common examples include agricultural products like wheat, corn, and rice, as well as natural resources like crude oil and gold. These commodities are traded on exchanges and their prices fluctuate based on supply and demand.
What good and services must be produced and in what quantities?
For what?
What is californias number one produced commodity?
California's number one legal commodity is dairy products--milk, butter and cheese. California's number one commodity is marijuana, but you're not supposed to be growing that.
What is the hormone produced by the pancreas which creates the disease Diabetes if it is released in insufficent quantities?
what is the name of the hormone produced by the pancreas which creates the disease diabetes if it is released in insufficient quantities
Original prints are produced in quantities called?
limited editions
Why is what to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Why is to produce a problem in every economy?
What to produce?There are two aspects of this problem--- firstly, which goods should be produced, and secondly, what should be the quantities of the goods that are to be produced. The first problem relates to the goods which are to be produced. In other words, what goods should be produced? An economy wants many things but all these cannot be produced with the available resources.Therefore, an economy has to choose what goods should be produced and what goods should not be. In other words, whether consumer goods should be produced or producer goods or whether general goods should be produced or capital goods or whether civil goods should be produced or defense goods. The second problem is what should be the quantities of the goods that are to be produced.Production of goods depends upon the use of resources. Hence, this problem is the problem of allocation of resources. If we allocate more resources for the production of one commodity, the re­sources for the production of other commodities would be less.
Vitamin K is usually produced in sufficient quantities by?
bacteria in the intestines
In the upper tier of southern states the principal slave produced commodity was?
It was Tobacco. Taboacco, the original plantation crop of the colonial period, continued to be the principle slave-cultivated commodity of the upper tier of southern states.
