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A commodity is something that can be bought and sold. In the case of information, lots of information is free (for example, I am not charging you for answering your question) but nonetheless, information is often bought and sold. Experts get paid very well for their expertise.
What else can I help you with?
Why do you consider information as a commodity?
Information can be considered a commodity because it is valuable and can be bought and sold on the market. With the growth of digital technology, there is a high demand for information, and individuals and companies are willing to pay for access to it to gain a competitive advantage. This has led to the rise of data brokers and monetization of personal information.
What does it mean by the statement that one person information can be another person data?
This statement implies that the personal information of one individual can be collected, processed, and stored as data by another individual, organization, or system. For example, when you provide your name, address, or email to a company, they will process and store this information as data in their systems.
What is information in the information age regarded as?
In the information age, information is regarded as a valuable resource that drives economic, social, and technological advancements. It is seen as a commodity that holds power and influence in shaping decisions, fostering innovation, and connecting people globally.
Businesses around the world all need access to the same data so there needs to be one type of information system that is designed to offer it. Why is this statement false?
this statement is false because different business have different information needs
What type of information do you need to support your thesis statement?
To support a thesis statement, you would typically need evidence, examples, data, research findings, expert opinions, or quotes from credible sources. This information should directly relate to the central argument of your thesis statement and help to develop and strengthen your main points. It is important to be selective in choosing only the most relevant and persuasive information to support your thesis effectively.
Which statement applies to modern commodity markets?
they are global
Is Information Technology a commodity?
Information Technology is not a commodity. Information Technology is a service and that is why in some global stock indexes, IT stocks are classified under the service sector.
How can information be a commodity?
Anything an individual or group posesses, which, in turn, is perceived by another individual or group to be valuable, is a commodity.
How can it be information a commodity?
Anything that has worth can be a commodity; think of all the government secrets other governments want to know.
Why commodity stock's earning is extremely price sensitive?
What do you mean by commodity stock? Do you mean a manufacturing company's stock or do you mean an ETF that invests in commodities? Commodities aren't stocks, they are bought and sold on commodity exchanges, usually in futures contracts.
What does commodity gold mean?
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.
Where can one find out more on commodity futures options?
If you want to find out more information about commodity futures options then you can go to the website Commodity World which is a free site where you can do research.
Which financial company provides commodity trading information?
Thomson Reuters provides a large amount of information in commodity trading. they provide an insight in several fields and they include guides in each of them.
What statement best explains what a futures contract is?
A futures contract is a contract setting the price and date for a commodity purchase.
Where can one find information about best stocks commodity?
Information about the best stocks commodity can be found on Investopedia, Traders, Bloomberg, Business Week, Bar Chart, Nasdaq, Trading Charts and Seeking Alpha.
Where can I learn more about Commodity Trading?
If you are looking for additional information then you can go online to e-trade.com. This website offer step by step guide as well as more information and options for commodity trading from actual traders.
Where can one get information on silver commodity prices?
One can get more information about silver commodity prices on a number of websites. Few examples are: Super Trading Online, CNNMoney, and moneycontrol.
