Commodity is what is used to produce a Goods.Goods gets to the end user.
Example; Flour (commodity) and Bread (Goods).
Ownership in companies is traded in the stock market while ownership of raw, unprocessed goods is traded in the commodity market.
Fiat money is currency that has value primarily because a government maintains it and people have faith in its value, rather than being backed by a physical commodity. In contrast, commodity money is based on the value of a physical good, such as gold or silver, which has intrinsic value. While fiat money relies on trust and legal status, commodity money derives its value from the material it is made of. This fundamental difference influences how each type of money is perceived and utilized in the economy.
commodity trading is the trading of primary products on exchange. spot trading and future trading of comodities are done to take advantage of difference between current and future prices.
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
benefit between commodity exchange
What is the difference between money and commodity? Commodity money is a sort of money that is considered as a present good. Whereas, fiat money is a future obligation as it is simply a promise to pay in the future. Payment is never made when it comes to fiat money, instead it is only discharged. But commodity money, on the other hand, completes the transaction.
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.
What is the difference between commodity money and representative money
A Trader is someone who buys/sells stocks or commodities. A Broker is one who helps the trader in his buying/selling
Ownership in companies is traded in the stock market while ownership of raw, unprocessed goods is traded in the commodity market.
Fiat money is currency that has value primarily because a government maintains it and people have faith in its value, rather than being backed by a physical commodity. In contrast, commodity money is based on the value of a physical good, such as gold or silver, which has intrinsic value. While fiat money relies on trust and legal status, commodity money derives its value from the material it is made of. This fundamental difference influences how each type of money is perceived and utilized in the economy.
commodity trading is the trading of primary products on exchange. spot trading and future trading of comodities are done to take advantage of difference between current and future prices.
benefit between commodity exchange
effective demand is the willingness and desire to have a commodity backed by purchasing power whereas potential demand is the willingness and desire to have a commodity not backed by purchasing power
There is no difference between the phrases, "good in" or "good at". If a person is good in Mathematics, they are also good at Mathematics.
difference between good governac and democracy
The spot price is the current price at which a commodity or asset can be bought or sold for immediate delivery, while the market price is the price at which a commodity or asset is currently trading in the market.