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But as their availability increased and their costs decreased, they became commodity inputs.
But as their availability increased and their cost decreased as they became ubiquitous they became commodity inputs.
All of these industrial technologies aged from their boom-time youth to become, in economic terms, ordinary factors of production, or "commodity inputs," the article noted.
If firms are pricing at marginal cost, and costs (of commodity inputs, for instance) are bouncing around, then prices shift together in a perfectly competitive industry, just as they might in a cartel.
The result, which surpassed many analysts' predictions, was partly achieved through hedging and price increases to offset higher costs in energy and commodity inputs.Burgher bluesConfidence among German investors and financial analysts fell to a five-year low in August.
But as their availability increased and their cost decreased as they became ubiquitous they all became commodity inputs.
Similar(53)
The Internet is the biggest brain in the world with essentially zero barriers to access; knowledge itself is now a commodity input, placing even greater value on creativity.
The weights are market shares and the consequent commodity input coefficients are simple and nonnegative.
The first of the normal production processes is one which produces a commodity only for input use (the first commodity), inputting itself and labor.
The second and the third rows show processes which produce a commodity for consumption use (the second commodity), inputting the first commodity and labor.
The research firm said, "Our near-term concern on Kraft is commodity input costs," citing higher soybean oil, hog and processed cheese costs.
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