Commodities

The commodity market includes agricultural products and the products that can be mined. Agricultural products like wheat, sugar etc. Mined products like gold, oil and more. Tradebulls is a member of MCX and NCDEX and you can trade in both.

acquires surplus wheat through loan forfeitures and direct purchases; it then releases its stocks only under certain domestic and foreign programs.

No, because soft drinks aren't sold only on price.

Let me expand that because a lot of people are thinking, "I always shop for the lowest price when I buy soft drinks; wouldn't that make them commodities?" No.

Oats are a commodity. They're all pretty much the same. An oat buyer faced with the choice of $6 per bushel oats, $7 oats and $8 oats can buy the $6 oats with confidence.

Soft drinks? If the cheapest soft drink available to you is Dr. Smooth or Dr. Tangy or whatever the store calls its version of Dr. Pepper, but you don't like Dr. Pepper, you won't buy any.

Fruit and Vegetables Meat Seafood Dairy

Iron ore is a commodity. As such, it is valued around the world at the same price, according to international markets. Current price of iron ore is USD 92.74 per dry Metric Ton. This equals some 1,224 pesos (July 2014).

Commodity money can be used for some other purpose while Fiat money can only be used as a medium of exchange.
Commodity (sometimes referred to as "Hard") money is currency which is fully backed by a specie (usually a precious metal i.e. Gold, Silver, or Platinum). Fiat money is backed only by a promise of the issuing government to honor the value of the bill or coin.

agricultural products expensive more than processed

In my opinion stable demand commodities are those which are necessary in life such as oil, gas, corn, rice, coal, steel

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.

Maybe nothing. The textbook answer is, "the price of the commodity and demand for it are inversely related--as price goes up demand goes down; as price goes down demand goes up."

The reality is, price is used to either attempt to stimulate or attempt to stifle demand. It doesn't necessarily work--if you sell sand and no one is pouring concrete right now because it's too cold to work, you could cut the price to free and still not sell any. OTOH, if you're selling corn and you would like the breakfast cereal companies to stock up so you can quit paying interest on the loans you took out to buy your inventory, cutting the prices would probably work.

...............................chips..............................

oil

because it is rare , shiny and beautiful not

Only when economic equilibrium is reached. The supply is often not the same as the demand.

Other people might say labor is a commodity, but I don't think it is.

Consider the commodity Barley. Within reason, one bushel of two-row barley is going to be exactly like any other bushel.

But labor is provided by laborers, who are human beings, and all human beings are different.

Almost certainly not.

focused

decompose total effect of price increase for an inferior good and giffen into substitution and income effect, in each case derive both the ordinary and compensated demand curve

electrical engineering products.....

If you are talking about the price of spot crude, well, there's a lot of money to be made on that answer. If you are talking about the general question and about energy, in this petroleum age, and its relationship to the economy and the price of gasoline and other substances upon which we are dependent to make a go at doing nearly nothing in an otherwise realativlly unpleaset world, I really dont know. On the other hand, it appears to me that price of oil will decline when the energy consummers go to alternative sources for energy because they decide that they dont want to pay the current energy price. (I dont think that is circular: solar panels are about 10% effective just now; rachetit ratchet it a bit and make it and wind and water stuff more cost competative,and no way major primative societies, (us, without the other technology) are going to use less. The conversion cost is too much. ON the other hand....everybody else is going to go for something that costs so much....How long? That's a psychosexual question, not an ecomicic one when you get down to it.) Sadly, the price of oil is not going to droop, or drop it seems to me, unless we have a real major economic decline, as in depression, not mere depression, or slowdown, and then, all the other demands in the world might temper the decline. And what do you mean in the first place with numbers which constitute an "oil drop?" What's your idea of an 'Oil Prices Drop'? How about some numbers.

Braeburn apples

Tea

sugar

whats the answer?

1. Availability and price of labour.

2. Human capital of labour (i.e.) training, skills, and ability).

3. Availability and price of capital (e.g.) machinery; financing).

4. Availability, type, and price of land (i.e.) natural resources).

5. Non-production factors, such as: government fiscal policy (taxation and/or subsidation); government monetary policy (price level and nominal exchange rate); transportation costs; legal constraints (e.g.) legal monopolies); barriers to entry in the current market (see: potential comparative advantage).