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In capitalism commodities are produced that will spur desire for still more commodities.
The more commodities a mining firm churns out, the less its profits depend on the price of each one.
But as soon as one moves on to cases of three and more commodities, the statistical probability of encountering precisely equal ratios becomes very small indeed.
One reason for the inclusion of more commodities was a gradual shift in the conception of the function of the index.
But he added in an interview, "If history means anything, the world in a few years will need more commodities, both metals and energy including coal".
For trading purposes, absolute productivity levels are unimportant; country B will always find one or more commodities in which it enjoys a comparative advantage (that is, a commodity in the production of which its absolute disadvantage is least).
Similar(39)
What's more, commodity prices are falling.
His radical politics notwithstanding, Glass too often becomes one more commodity in the cultural supermarket.
The food program was established to deal with commodity surpluses, but there are no more commodity surpluses.
"The more commodity-sensitive industries have been driving the market either up or down," said Wasif Latif, vice president for equity investments at USAA Investment Management in San Antonio.
Performance differs strikingly between the Asian LDCs, which have diversified into manufacturing, and their African counterparts, which are becoming more commodity-reliant.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com