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These are goods which have the quality of substitutability. In law they are sometimes described as fungible. Basically if you want a pound of rice from a sack of rice, it doesn't matter which grains from the sack you get, because all of the grains in the sack are interchangeable.
What else can I help you with?
Is milk a commodity or a product?
commodity
Is oil a commodity?
Yes oil is a commodity....
What is a commodity trading system?
Commodity trading systems are methods to trade in the commodity market in a mechanical fashion. The system will automatically notify you when to buy and sell a commodity.
How do you use commodity in a sentence?
Water is a commodity.
What are the types of commodity exchange?
Importance of commodity exchange
Difference between money and commodity?
Money:-A value that serves as a generally accepted medium of exchange. Money have indirect utility. Money cannot be pinpointed or specified.Commodity:-A reasonable homogeneous good or material that can bought and sold freely. The commodity have direct utility. The commodity can be pinpointed or specified.
Which is the largest commodity exchange for commodity market?
Oil is that commodity.
Is milk a commodity or a product?
commodity
Is salt homogeneous or homogeneous?
homogeneous
Is spaghetti sauce a homogeneous or heterogeneous?
Heterogenous
Is saliva a heterogeneous or homogeneous?
it is homogeneous
Is oil a commodity?
Yes oil is a commodity....
What is the opposite of selling a commodity?
Buying a commodity.
What are the types of commodity?
Importance of commodity exchange
Where is National Commodity Exchange of India?
National commodity exchange situated in Mumbai. Also Multi Commodity Exchange are in mumbai and National Multi Commodity Exchange situated in Ahmedabad. National commodity exchange situated in Mumbai. Also Multi Commodity Exchange are in mumbai and National Multi Commodity Exchange situated in Ahmedabad.
Is milkshake a homogenous or heterogenous?
homogeneous
What is a commodity trading system?
Commodity trading systems are methods to trade in the commodity market in a mechanical fashion. The system will automatically notify you when to buy and sell a commodity.
