answersLogoWhite

0

Prime commodities are commodities that are yet to be processed from their raw state. Examples are orange or mango, which are processed into fruit juice. Others are iron ore, which are processed to fine metals.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Economics

What is a buyer and seller of commodities for profit called?

It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.


What is meant by the term commodities and futures?

Commodities are services and goods. Soft commodities are goods that are grown, hard commodities are goods that are mined. A futures is a contract to buy commodities or financial instrument set in certain time in the future. These contracts are traded.


How many types of commodity?

There are generally two main types of commodities: hard commodities and soft commodities. Hard commodities are natural resources that are mined or extracted, such as oil and gold. Soft commodities are agricultural products or livestock, such as wheat, coffee, and cattle. Additionally, commodities can be categorized into further subcategories based on their specific characteristics and uses.


Which is traded in a commodities market?

In a commodities market, various physical goods are traded, typically categorized into two main types: hard commodities and soft commodities. Hard commodities include natural resources such as oil, gold, and metals, while soft commodities refer to agricultural products like wheat, coffee, and sugar. These commodities are bought and sold in standardized contracts, allowing for speculation, hedging, and investment. The trading occurs on exchanges, where prices fluctuate based on supply and demand dynamics.


Does the price of commodities remain unchanged during the change in demand of those commodities?

Almost certainly not.

Related Questions

What are the prime commodities?

ang prime commodities ay ang mamimili ay maaaring makipag-ugnayan sa mga ahensya ng pamahalaan na may kontrol sa pinaiiral my name is jessica villarino :D


What is business and finance section?

informations about bank, prices of prime commodities, and the exchange rates and currencies


What changes observed in primary commodities?

The freshness of the primary commodities is the observed changed. Primary commodities refers to the commodities in unprocessed state.


What is a buyer and seller of commodities for profit called?

It depends: are we talking about commodities CONTRACTS, or the commodities themselves? A person who specializes in buying and selling commodities futures and options is a commodities broker. Someone who buys and sells the physical good--lumber, wheat, whatever--is a commodities dealer.


What is meant by the term commodities and futures?

Commodities are services and goods. Soft commodities are goods that are grown, hard commodities are goods that are mined. A futures is a contract to buy commodities or financial instrument set in certain time in the future. These contracts are traded.


What is a commodities letter of credit?

It is a Letter of Credit covering commodities.


When was Commodities Corporation created?

Commodities Corporation was created in 1969.


What is Danske Commodities's population?

The population of Danske Commodities is 135.


How many types of commodity?

There are generally two main types of commodities: hard commodities and soft commodities. Hard commodities are natural resources that are mined or extracted, such as oil and gold. Soft commodities are agricultural products or livestock, such as wheat, coffee, and cattle. Additionally, commodities can be categorized into further subcategories based on their specific characteristics and uses.


What are the top 5 commodities in Georgia?

gold, silver, copper, oil and bronze are the top 5 commodities. they are widely traded in commodities market.


How do you trade commodities?

You can trade commodities online, all you need is an Internet connection and to choose commodities trading platform. see the related links below.


Why did some ancient Greek settlements trade?

To exchange their surplus commodities for other commodities they needed. To make a financial profit from trading commodities and services.

Trending Questions
What is a trade decifit? What is the importance of economics as a subject? What does international trade theory study international trade policy Why are they known as the microeconomic aspects of international economics? Which of the following decisions has the greater opportunity cost Why a. A decision to use an undeveloped lot in Tokyos financial district for an apartment building. b. A decision to use a square mile? How is prince floor different from a price ceiling? How much would strangers on the shore by acker bilk esquire be worth? What is rupee appreciation and rupee depreciation? What would the world be like without bill gates? What causes an economy to experience expanding production capacity? What are junket services? How are resources and development of a country related to each other? What is the real estate principle of the investor's life cycle and the property life cycle? What happens to demand when the supply curve shifts right? What is the relationship between supply and demand and how does it impact market equilibrium? In a country where the government has some control over the economy and buisnesses also provice goods and services that consumers want how do you describe their economic system? Is it possible for an economy to exist without financial systems? What is the primary determinant of a country's standard of living? What are two types of trade protection that economist do support? Is competition unethical? What is the cause of hunger in developed countries?