commodity function

USAGE SUMMARY

The phrase "commodity function" is correct and usable in written English.
It can be used in contexts related to economics, finance, or mathematics, particularly when discussing the relationship between commodities and their functions in markets. Example: "The commodity function helps to determine the price elasticity of demand for various goods in the market."

✓ Grammatically correct

Economics

Finance

Supply Chain

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

We're trying to take it out of the commodity function into something that's a little bit more special".

The New York Times

(e Benefit means any payment, service, commodity, function, or status, entitlement to which is determined under laws administered by the Department of Veterans Affairs pertaining to veterans and their dependents and survivors.

Cornell University

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

We're now getting to the point where we might outsource the support of commodity functions and platforms.

Forbes

Table 2 Distribution of speech functions Commodity Speech functions Frequency Percentage goods and services proposal command 167 25.41 % offer 50 7.6 % information proposition statement 426 65.4 % question 15 1.7 % Total 658 100%%.

Functional Linguistics

Obviously for a commodity to function as money it's got to have certain properties.

Yale University

She looks at the way commodity markets function and at the particular pinch points likely to arise.

Independent

We then place additional economic content on complementarities arising from production functions, matching technologies and commodity demand functions in a multi-sector economy.

Yale University

Canaccord Genuity said: We will need to review today's releases in detail, but we expect that the disposal will please the market, and on the presumption that the reduced production across a number of commodities is a function of adjusting to costs (rather than production problems) this will also be welcomed.

The Guardian - Business

Loi: Cryptocurrencies like Bitcoin, Ethereum and ICO currencies are now being recognized as actual commodities that have function, value and scarcity.

Forbes

Open image in new window Fig. 5 Impact of relief bases capacity of relief commodities on objective function of the robust model.

Journal of Industrial Engineering International

In the next section, an assortment of DLPs based on their performance measure of the available literature such as number of facility, objective functions, commodity, parameters, configuration, relocation time, time horizon, applications and etc. will be provided.

Journal of Industrial Engineering International

Expert writing Tips

Best practice

When using "commodity function", ensure the context clearly defines the specific role or purpose of the commodity being discussed. This helps avoid ambiguity and ensures clear communication, especially in technical or economic contexts.

Common error

Avoid using "commodity function" in overly broad contexts where the specific purpose or role of the commodity is not clearly defined. Always specify the function you're referring to for clarity.

Linguistic Context

The phrase "commodity function" primarily acts as a noun phrase, identifying the role or purpose that a commodity serves. As Ludwig AI states, the phrase is correct and usable in written English. Examples show its use in discussing market mechanisms and economic roles.

Expression frequency: Rare

Frequent in

Science

30%

News & Media

25%

Formal & Business

20%

Less common in

Academia

15%

Encyclopedias

5%

Wiki

5%

Ludwig's WRAP-UP

The phrase "commodity function" is a grammatically correct noun phrase used to describe the role or purpose of a commodity, particularly in economic and supply chain contexts. While Ludwig AI confirms its usability, its frequency is rare. The phrase appears in a mix of sources, including news, business, and academic domains, indicating a somewhat formal and technical register. Understanding its specific application is essential for clear communication, and avoiding overgeneralization ensures accuracy. Related phrases like "product function" offer alternative ways to express similar concepts, depending on the specific context. The authoritative sources highlight its relevance in economic discussions and analysis.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

product function

Focuses on the functionality of a product rather than a broader commodity.

asset role

Highlights the function of an asset within a financial context.

economic utility

Emphasizes the usefulness or benefit derived from a commodity.

market function

Describes the overall purpose or operation of a market related to commodities.

supply chain role

Focuses on the commodity's function within the supply chain process.

use value

Highlights the practical application or purpose of a commodity.

functional commodity

Emphasizes that the commodity is currently operational or serving a specific purpose.

commodity purpose

Directly refers to the intended purpose or function of the commodity.

role of commodity

General phrase referring to what role plays any commodity.

commodity task

Focuses on the specific task or duty that a commodity performs.

FAQs

How can I use "commodity function" in a sentence?

You can use "commodity function" to describe the specific role a commodity plays in a market or economic system. For example, "Understanding the commodity function is crucial for predicting market trends".

What is the difference between "product function" and "commodity function"?

"Commodity function" generally refers to the broader role of a raw material or primary agricultural product, while "product function" typically describes the purpose of a manufactured or refined item.

Which is the correct phrase, "commodity function" or "function of a commodity"?

Both phrases are grammatically correct, but "commodity function" is more concise and typically used in economics and supply chain contexts. "Function of a commodity" is a more general way to describe the purpose.

What does "commodity function" mean in economics?

In economics, "commodity function" refers to the specific role or purpose a commodity serves in the market, such as its use as a raw material, a store of value, or a component in a production process.