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Novay_Z [31]
2 years ago
5

What are the essential elements for a commodity to be rich in economics​

Business
1 answer:
jasenka [17]2 years ago
6 0
In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.


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You currently have $800, and you need $1,200 to rent an apartment. If you are investing at a rate of 5%, how long will it be bef
Illusion [34]

Answer:

8.31 years

Explanation:

For this question, we have to calculate the number of years by applying the NPER formula which is attached in the attachment below:

Given that,  

Present value = $800

Future value = $1,200

Rate of interest = 5%

PMT = $0

The formula is shown below:

= NPER(Rate,PMT,PV,-FV,type)

The present value come in negative

So, after solving this, the answer is 8.31 years

5 0
3 years ago
In​ Japan, it's called kuroi kiri​ (black mist), in​ Germany, it's schmiergeld​ (grease money), Mexicans refer to la mordida​ (t
romanna [79]

Answer:

The answer is bribery.

Explanation:

Bribery is a term used to describe the unethical practice by which a person or group of persons give/promise money or gifts to another person or a group of persons (the recipient) in order to make the recipient take actions that would favour the giver. 

Bribery mostly takes place in public institutions where the recipient is most likely a public official. It is important to note that Bribery does not only describe giving. It also implies taking. Thus both givers and recipients of bribes are guilty of bribery.

The unethical practice called bribery has universal spread as evident in the local name given to it by citizens of different countries. In Japan, it is known as kuroi kiri (black mist). Germans call it schmiergeld (grease money), Mexicans say la mordida (the bite), the French refer to it as pot-de-vin (jug of wine), while Italians call it bustarella (little envelope).

8 0
4 years ago
Associated Breweries is planning to market unleaded beer. To finance the venture, it proposes to make a rights issue with a subs
arlik [135]

Answer:

Number of new shares:

= 140,000×(1÷2)

= 70,000

Amount of new investment:

= 70,000×$10

= $700,000

Total value of company after issue:

= $700,000+140,000×$40

= $6,300,000

Total number of shares after issue:

= 140,000+70,000

= 210,000

Share price after issue:

= $6,300,000÷210,000

= $30

Explanation:

4 0
4 years ago
Question 2 (1 point)
astra-53 [7]

Answer:

A large pediatric practice looking for an office manager

Explanation:

An office manager requires management and administrations skill to discharge their duties effectively. When working in a hospital, a medical background is critical.

A bachelor's degree in business administration prepares students to be good managers. A large pediatric practice looking for an office manager will need a business administration degree holder's skills. Since Joanna studied medicine and business administration, she should be the ideal person to work as an office manager at the pediatric center.

5 0
3 years ago
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Which type of bankruptcy allows a judge to adjust debts through elimination and reduction based on a person's income? (I took th
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Which book is this and tell name plz
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