Many years ago, trading in commodities started as a bartering system between merchants. A merchant who had excess of some items, would exchange it for another item he was short of, with a second merchant. Trading in commodities is popular today, and worth trillions of dollars a day. Commodities are a form of merchandise that has a common price around the world, for instance, coffee beans would carry the same price in Cape town, New York, London and Rio. The prices differ according to the economic law of supply and demand, and is greatly influenced by natural disasters, war, local political situations, etc. For the most part, commodities are naturally occuring goods, like gold, oil, iron, or the refinded products, or agricultural products like eggs, sugar, beef, corn.
Posted on: Mon, 09 Sep 2013 10:07:29 +0000
Trending Topics
Recently Viewed Topics
© 2015