A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Commodity
the same product regardless who sells it
commodity
No, lumber is produced from trees. Lumber is not a specific tree or plant.
It is not a standard finished commodity lumber size. Most likely the member you are looking at is a 2x8, which measures 1-1/2" x 7-1/4".
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Yes, a television can be considered an example of a commidity. However, it's not a commodity in the stock market meaning of the term. A TV cannot be traded like a stock.
Commodity
Not sure exactly what the question means, but oil is considered a commodity.
Small slits or holes are poked in lumber when it is incised. It is done before treating the lumber with chemicals. Some lumber does not require incising. Lumber that doesn't require incising are Southern softwoods. Incising does effect the ultimate strength of the lumber, but not by much, say 2 to 5%. It is still considered a good trade off if the lumber is having additional value added treatments.
the same product regardless who sells it
Lumber is considered a renewable resource because trees can be replanted and grown to replace those that have been harvested for lumber. Sustainable forestry practices are important to ensure that lumber remains a renewable resource for future generations.
Yes, a knife can be considered a commodity as it is a widely available product that can be bought and sold in markets.
Water is the most important commodity, without it life cannot be sustained.