What is commodity?


In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.

Read more about Commodity.

Some articles on commodity:

Commodity Trading In China - Development
... The demand for commodity futures as hedging tools has been on the rise as the Chinese economy continues to advance at a brisk pace ... To diversify their product ranges, the nation's three commodity futures exchanges are doing research to introduce new contracts ... China's commodity futures markets have expanded product ranges and deepened liquidity pools to cater to the increasingly diverse needs of the nation's rapidly growing ...
Commodity - Commodities in Marxism
... For the Marxist definition of a commodity, see Commodity (Marxism) ... and especially in Karl Marx's critique of political economy, a commodity is an object or a good or service ("product" or "activity") produced by human labour ... all exchange value in commodities was derived directly from the hands of the people that made the commodity, Ricardo noted that only part of the exchange value of the commodity was paid to the worker ...
List Of American Exchange-traded Funds - Commodity ETFs
... Commodity ETFs, also known as exchange-traded commodities (ETCs), track a specific commodity index, such as ELEMENTS Rogers International Commodity Index ETN (NYSE RJI) iPath Dow Jones-AIG Commodity Idx TR ETN (NYSE ...
List Of Countries By Sovereign Wealth Funds
... Origin 1 China CADF / CIC / NSSF / SAFE 70031189400000000001,189.4 Non-commodity 2 United Arab Emirates ADIA / ADIC / EIA / ICD / IPIC / MDC / RIA 7002816600000000000816.6 Oil 3 Norway GPF ...
Commodity Swap
... A commodity swap is an agreement whereby a floating (or market or spot) price based on an underlying commodity is traded for a fixed price over a specified period ... A Commodity swap is similar to a Fixed-Floating Interest rate swap ... but in a commodity swap the floating leg is based on the price of underlying commodity like Oil, Sugar etc ...

Famous quotes containing the word commodity:

    If mass communications blend together harmoniously, and often unnoticeably, art, politics, religion, and philosophy with commercials, they bring these realms of culture to their common denominator—the commodity form. The music of the soul is also the music of salesmanship. Exchange value, not truth value, counts.
    Herbert Marcuse (1898–1979)

    For things to have value in man’s world, they are given the role of commodities. Among man’s oldest and most constant commodity is woman.
    Ana Castillo (b. 1953)

    A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.
    Karl Marx (1818–1883)