A commodity is good that is generally a primary good used in manufacturing such as timber, cotton, wool and copper.
Commodity revolves around an agricultural good produced and sold in bulk. Commodities selected for support by the USDA include corn, wheat, cotton, rice, and soybeans. Livestock, dairy, fruits and vegetables are left out. So farmers who want to grow other crops must operate at an economic disadvantage. Unfortunately, the designated commodities tend to be row crops that require the greatest soil disturbance and use of chemical inputs, leading to vast environmental degradation.
Commodity refers to a good that is used in manufacturing such as timber, cotton, wool and copper.
Commodity refers to an article of commerce, trade goods or something of value that can be bought or sold, usually a product or raw material
Related Articles to the term 'Commodity' |
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| 'Agricultural Industry' | ■■■■■■■■■■ |
| Agricultural Industry: The agricultural industry in the industrial context encompasses a vast and diversified . . . Read More | |
| 'Crop Production' | ■■■■■■■■■■ |
| Crop Production in the industrial context refers to the large-scale cultivation of plants for food, fiber, . . . Read More | |
| 'Agriculture industry' | ■■■■■■■■■■ |
| Agriculture industry: The agriculture industry in the industrial context refers to the comprehensive . . . Read More | |
| 'Farming sector' | ■■■■■■■■■ |
| Farming sector: The farming sector in the industrial context refers to the segment of the economy devoted . . . Read More | |
| 'The Green Revolution' | ■■■■■■■■■ |
| The Green Revolution in the industrial context refers to a transformative period of technological and . . . Read More | |
| 'Commodity' at maritime-glossary.com | ■■■■■■■■ |
| Commodity in the maritime context refers to any raw material, product, or item that is typically traded . . . Read More | |
| 'Rice' | ■■■■■■■■ |
| Rice in the industrial and industry context refers to its cultivation, processing, and distribution as . . . Read More | |
| 'Agro-processing' | ■■■■■■■■ |
| Agro-processing in the industrial context refers to the transformation of raw agricultural products into . . . Read More | |
| 'Crop' | ■■■■■■■■ |
| Crop: A crop is a volunteered or cultivated plant (any plant) whose product is harvested by a human . . . Read More | |
| 'Agriculture and farming' | ■■■■■■■■ |
| Agriculture and farming in the industrial context refers to the large-scale cultivation of crops and . . . Read More | |