Commodities are basic goods used in commerce that are interchangeable with other commodities of the same type. In economics, commodities are an economic good or service that has full or substantial fungibility. In other words, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.
The quality of any given commodity may differ slightly, but generally, they are uniform across producers. This documentary takes a look at some of the common commodities, including metals, energy, livestock, meat, agricultural, and more.
Commercial traders and commodity producers risk hundreds of millions in a single transaction on any given day. After watching the documentary, you will have a better understanding of the commodity market, and how it works.
The economy of North Korea is a centrally planned economy, following Juche, where the role of market allocation schemes is limited, although increasing.You might be asking, how is ...
Nike is one of the most recognized brands in the world. It continues to surpass rivals like Adidas and Under Armor, despite controversy and slowing sales growth in U.S.How did Nike...
Solar energy is any type of energy generated by the sun. It is created by nuclear fusion that takes place in the sun. Fusion occurs when protons of hydrogen atoms violently collide...
It is the largest heavy load transport on earth! The maiden voyage of the biggest containership of all times. It is the largest heavy load transport on earth!When the first ship of...