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491 bytes added , 05:12, September 24, 2022

Oil is an important commodity.

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A '''commodity''' in [[economics]] is a [[goods|good]], such as [[food]], [[metal]]s or [[grain]]s, which is interchangeable with similar goods, and which is available in large quantities.

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A '''commodity''' in [[economics]] is a [[goods|good]], such as [[food]], [[metal]]s or [[grain]]s, which is interchangeable with similar [[goods]], and which is available in large quantities. [[Oil]] is an important commodity.

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Investors can buy or sell on [[commodities exchanges]] using [[futures ~~contracts~~]].

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Investors can buy or sell on [[commodity exchange|commodities exchanges]] using [[futures contract]]s.

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More generally, a commodity is any good in a [[~~competitive~~]] [[~~market~~]].

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More generally, a commodity is any good in a competitive [[market]].

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*hedgers and [[hedge fund]]s attempting to protect against losses in price fluctuations

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*speculators who attempt to profit from price fluctuations

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*[[supply and demand]]

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*consumer sentiment

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In general parlance, a commodity is a good where the good supplied is indistinguishable from one supplier to another. A consumer, then, only considers price when making a purchasing decision. In recent years, computers have become a commodity.

[[Category:Economics]]

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Revision as of 05:12, September 24, 2022