What is another name for a commodity?

In this page you can discover 39 synonyms, antonyms, idiomatic expressions, and related words for commodity, like: goods, assets, products, materials, staples, lot, property, article(s), article, merchandise and asset.

What is commodity simple words?

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers.

What other word in the passage is a synonym of commodities?

  • goods,
  • merchandise,
  • wares.

What are some antonyms for commodity?

Antonyms
  • import.
  • natural object.
  • disobedient.
  • bad.

What are commodity goods?

Commodities are found in the majority of goods that end up in the hands of consumers, including tires, tea, ground beef, orange juice, and clothing. The most common commodities include copper, crude oil, wheat, coffee beans, and gold.

What is commodity product?

a product that is the same as other products of the same type from other producers or manufacturers: Sugar is a commodity product and no one company has more chance of controlling its supply and price level than any of its rivals.

What is the synonym of necessity?

In this page you can discover 69 synonyms, antonyms, idiomatic expressions, and related words for necessity, like: essential, need, requisiteness, must, undeniability, prerequisiteness, urgency, needfulness, essentiality, requisite and vital part.

What is commodity purchasing?

A commodity procurement/merchandiser will work with one or more commodities needed by a particular company. This person will be in charge of locating, trading, purchasing and customer account management as it relates to a particular commodity.

What is meant by commodity market?

A commodity market is a marketplace for buying, selling, and trading raw materials or primary products. Commodities are often split into two broad categories: hard and soft commodities.

Which is an example of commodity?

Commodities that fall under the agriculture category include foodstuffs like sugar, grains, livestock, and raw materials such as cotton. Energy commodities include natural gas and crude oil, whereas metals include mined materials such as gold and silver.

What is a market differentiator?

In marketing-speak a market differentiator (also called product differentiator) is the identification and description of the differences of your product/service from the other products/services in the same market.

What is the difference between a commodity and a product?

Commodities are products that cannot be differentiated and, therefore, are sold at the same price universally. Products, on the other hand, can be differentiated so that value can be added, and can, therefore, be branded and marketed to be sold at different prices depending on the differences in quality.

What is commodity culture?

writers have described as the ‘commoditization of culture’, is due to the rapid. development of reproducible products for private purchase (leading in consequence. to practices that are individual or familial rather than ‘socialized’).

What are commodity ingredients?

A very pure or high quality source. An ingredient that has a “value-added” quality associated with it, such as a unique manufacturing, fermentation, purification or refining process, often protected by patents. Ingredient compounds protected by composition of matter patents or use patents for a given application.

What is commodity agriculture?

What Are Agricultural Commodities? Agricultural commodities are staple crops and animals produced or raised on farms or plantations. Most agricultural commodities such as grains, livestock, and dairy provide a source of food for people and animals across the globe.

What’s commodification mean?

noun. the act or fact of turning something into an item that can be bought and sold: The commodification of water means that access is available only to those who can pay.

What does Marx mean by commodification?

Commodification: The subordination of both private and public realms to the logic of capitalism. In this logic, such things as friendship, knowledge, women, etc. are understood only in terms of their monetary value. In this way, they are no longer treated as things with intrinsic worth but as commodities.

What are examples of commodification?

For example, the culture of a nation that revolves around services such as fast food, products such as cars and experiences such as a theme park. This can be contrasted with non-commoditized culture such as a unique local festival or tradition.

What is the verb for commodity?

Definition of commodify

transitive verb. : to turn (something, such as an intrinsic value or a work of art) into a commodity attempts to commodify the water supply.

How are people commodified?

From advertising on television, to stores printing posters and t-shirts, and even through social media, businesses start the process of commodification. However, it is the consumers who have to accept that object or identity for the process to be successful.