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Citrus2011 [14]
3 years ago
12

Ghana provides an interesting case of both commodity and fiat money existing today. what is the "commodity"?

Business
1 answer:
sergey [27]3 years ago
3 0

A commodity is a a raw material or agricultural product.  This item can be bought or sold to consumers. An example of a commodity is coffee. Coffee is an item that is a primary agricultural product but it is also sold and consumed.

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3 years ago
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<span>"Price and quantity" are the two variables that are needed to calculate demand.


Demand refers to the amount or quantity that a man is both willing and ready to consume at each cost in a given time period, by keeping every single other thing consistent. When Price and quantity shift conversely by keeping all different things constant, it refers to the law of demand. </span>
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