By far the most important commodity is petroleum, fully one-half of the total value.
Information was obviously a free commodity in this area.
Definitely. The Cannery Row project will make you a hot commodity around here.
There they can see the world commodity prices for their produce in real time.
If it is not more, though the commodity may be brought to market, it can afford no rent to the landlord.
The principle here is to agree to buy a certain amount of a commodity at a certain price from farmers in these countries.
The American bale has been described in a standard American book on cotton as " the clumsiest, dirtiest, most expensive and most wasteful package, in which cotton or any other commodity of like value is anywhere put up."
In that year he purchased a quantity of the rare and much-prized commodity, and offered it to the public, in the leaf, at fixed prices varying from 15sto 50s.
Of its large commerce, grain is the chief commodity; it is estimated that about four-fifths of that exported from the port of New York is shipped from here, and the borough's grain elevators have an estimated storage capacity of about 20,000,000 bushels.
The principal commodity is furs (chiefly American and Russian), of which about one and a quarter million pounds worth are sold annually; other articles disposed of are leather, hides, wool, cloth, linen and glass.
Eleni is CEO of the Ethiopian Commodity Exchange, which works like this: Farmers in Ethiopia bring their crops to any of two hundred market centers around the country.
Maple sugar is an important by-product of the forests, and in the production of this commodity New York ranks second only to Vermont; 3,623,540 lb were made in 1900.
If these special rates are published in the tariff, and are offered to all persons alike, provided they can fulfil the conditions imposed by the company, they are known as commodity rates, and are apparently a necessity in any scheme of railway charges.
In the production of this commodity the state ranked first, and produced about 55% of the entire crop of the United States.
These may be called the natural rates at the time when and the place where they prevail; and the natural price of a commodity is what is sufficient to pay for the rent of the land, the wages of the labour, and the profit of the stock necessary for bringing the commodity to market.
At one time almost the whole of the salt in commerce was produced from the evaporation of sea water, and indeed salt so made still forms a staple commodity in many countries possessing a seaboard, especially those where the climate is dry and the summer of long duration.
For surrendered rights and privileges the sultan and his grandees received monetary compensations in the shape of annual subventions, and these also have been paid for the losses formerly incurred by the wilful destruction of the nutmeg plantations, carried out in order to enhance the value of this commodity and monopolize its cultivation.
The same may be said with greater truth of the devotees of the theory of knowledge; they seem to have no need of so old-fashioned a commodity as reality.
Foreign coins were formerly legal tender in the republic, but this has been changed by the exclusion of foreign silver coins and the acceptance of foreign gold coins as a commodity at a fixed value.
Many of them seem to have been admitted to membership. They were regarded as merchants, for they bought raw material and sold the manufactured commodity; no sharp line of_ demarcation was drawn' between the two classes in the 12th and 13th centuries.
It was then a trading station of some importance, slaves being the chief commodity dealt in.
His "theorie des debouches" amounts to this, that, products being, in last analysis, purchased only with products, the extent of the markets (or outlets) for home products is proportional to the quantity of foreign productions; when the sale of any commodity is dull, it is because there is not a sufficient number, or rather value, of other commodities produced with which it could be purchased.
The annals of the Company record that, in February 1684, the directors wrote thus to Madras: - "In regard thea is grown to be a commodity here, and we have occasion to make presents therein to our great friends at court, we would have you to send us yearly five or six canisters of the very best and freshest thea."
The theory of utility above referred to, namely, that the degree of utility of a commodity is some continuous mathematical function of the quantity of the coin modity available, together with the implied doctrine that economics is essentially a mathematical science, took more definite form in a paper on "A General Mathematical Theory of Political Economy," written for the British Association in 1862.
Sometimes also, when a charge upon a commodity is not of such a figure as to be easily divisible among the ordinary units of retail consumption, so that it can be passed on to a consumer of the articles in the form of an increased price, it may remain fixed upon those who first pay it, at least for a time.
I think we will see commodity prices plummet in the coming years.
This is made possible by technology and the Internet, which is used to connect buyers and sellers worldwide and bring information (world commodity prices) to the far reaches of the globe.