Definition of Commodities Types and Indonesia's Leading Products

targeted mobile phone number list data discuss
Post Reply
reshmaakther
Posts: 1
Joined: Mon Feb 20, 2023 6:56 am

Definition of Commodities Types and Indonesia's Leading Products

Post by reshmaakther »

Based on the definition of the Big Indonesian Language Dictionary (KBBI), commodities are the main merchandise or commercial objects. Commodities can also be interpreted as raw materials that can be classified according to their quality and comply with international trade standards, such as rubber, coffee and wheat. In addition, commodities also have the meaning of basic merchandise, commercial commodities, which can be classified according to quality according to international standards. Commodities are goods or products that can be traded for profit. Therefore, it can be concluded that a commodity is a collection of objects that have a visible form that can be stored for a certain period of time to be exchanged for other products that are equivalent in type and price.

Experts reveal that the concept of a commodity is an object that has a form and is easy to trade, can be transferred, can be stored for a certain period of time, and can be exchanged for other Phone Number List similar products. The quality of these commodities conforms to international trade standards. Such as coffee, wheat, rice, rubber, corn, and so forth. Besides that, commodity products do not only cover daily needs such as groceries. Some mining products such as precious metals gold, silver, aluminum, and energy sources such as coal and natural gas are also included as commodities. Forex, indices and other commodities can also be classified as commodities because these goods can be traded. Commodity trading can be done by exchanging it for goods or products provided that the value of the two goods is deemed equivalent. In general, goods or products that are considered as commodities are the main merchandise, agricultural products, and also handicrafts that can be used for export trade. After understanding the meaning of commodities, Grameds should also understand the various characteristics of commodity markets.

Image

One of the most common characteristics of commodity markets is the resilience of the principle in terms of supply and demand. That is, all aspects of the two principles are believed to be a big influencer in the commodity market. The principle that is the main influence of the commodity market is that demand cannot be fulfilled if the existing supply is limited. On the contrary, if there are many available offers, it will also be in vain if the demand for these goods is limited. Energy Commodities The first type of commodity is energy commodity. The definition of energy commodities is essentially related to the presence of energy in the earth, such as fuel and a number of other mining products. In general, commodities or products belonging to this category include petroleum, such as gasoline, diesel, crude oil, light sweet crude, and Brent crude oil. Not only that, this type of energy commodity also often trades coal in tons, barrels and metric units.
Post Reply