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As Kenneth Arrow (1963, p. 948) explained in his seminal article on Uncertainty and the Welfare Economics of Medical Care: health has 'special characteristics' that 'distinguish it from the usual commodity of economics textbooks' and 'establish a special place for [it] in economic analysis'.
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Key features of campaign quality include: ability to attract participants; acceptability of the participant experience; effective training in the use of nets and filters; HIV counseling and testing up to usual standards; and commodity use in the community.
But although gold is seen as a safe haven in times of crisis, it is still subject to the usual market fluctuations of any commodity.
Not too long ago, the usual suspects were pointing to rising commodity prices as evidence that runaway inflation was just around the corner.
With commodity prices plunging, will the usual pattern repeat itself?In some economies large drops in commodity prices have led to currency falls.
It turns out that cranberries are a peculiar little commodity that isn't governed by the usual laws of supply and demand.
The elusive character of information as a commodity suggests that it departs considerably from the usual marketability assumptions about commodities".
The creator of Phoenix Nights is a major showbiz commodity; huge advertising and trail campaigns would be the usual response, the televisual equivalent of a movie or theatre opening night.
But in a reversal of the usual north-south split, it seems as if emerging markets, often dependent on commodity exports to China, are faring better this time.
Because a product may vary in quality from one observation to another, even though it retains the same general specification, the usual procedure is to avoid the computation of average observed prices for each commodity for each date.
The company blamed the loss on the usual suspec: the high costs of animal feeds, which are made from commodities like corn and soybeans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com