commodity money

Examples of commodity money in the following topics:

• Types of Currency

  • Commodity money value comes from the commodity out of which it is made.
  • The commodity itself constitutes the money, and the money is the commodity.
  • The use of commodity money is similar to barter, but a commodity money provides a simple and automatic unit of account for the commodity which is being used as money.
  • Commercial bank money differs from commodity and fiat money in two ways.
  • Fiat, Commodity, and Commercial Bank money are three main types of money

• Industrial Purchasing Behavior

  • In finance, to corner the market is to get sufficient control of a particular stock, commodity, or other asset to allow the price to be manipulated.
  • The most direct strategy is to simply buy up a large percentage of the available commodity offered for sale in some spot market and hoard it.
  • With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profit after inflating the price.
  • Currency can be either a commodity money, like gold or silver, or fiat currency, or free-floating market-valued currency like US dollars.
  • As Adam Smith noted, having money gives one the ability to "command" others' labor, so purchasing power to some extent is power over other people, to the extent that they are willing to trade their labor or goods for money or currency.

• Functions of Money

  • Money acts as a standard measure and common denomination of trade.
  • Money functions as:
  • This is why diamonds, works of art, or real estate are not suitable as money.
  • For instance, coins are often milled with a reeded edge, so that any removal of material from the coin (lowering its commodity value) will be easy to detect.
  • The value of the money must also remain stable over time.

• Importing and Exporting

  • Any good or commodity, transported from one country to another country in a legitimate fashion, typically for use in trade.
  • The buyer of such goods and services is referred to an "importer" who is based in the country of import, whereas the overseas-based seller is referred to as an "exporter. " Thus, an import is any good (e.g., a commodity) or service brought in from one country to another country in a legitimate fashion, typically for use in trade.
  • The money that is earned through exports is used to pay for imported products and in this way, the numerous needs of South Africans are satisfied.

• Competitive advantage through human resource management

  • A great deal of recent research has underscored the strategic advantage to be gained from managing employees as if they are assets rather than commodities.
  • Consider the commodities a business employs—pads of paper, ballpoint pens—things that you purchase, use up, and then discard.
  • On the other hand, consider the assets employed in business—the physical plant, the equipment, and the money—things that are maintained and developed.
  • The most successful companies manage their workforce effectively as assets not commodities.
  • Why are their executives proclaiming employees to be their most valuable assets, while continuing to treat them as commodities?

• Legislative involvement

  • (Hoerner, Andrew, ‘Tax Waste not Work') The nation's economy would thus be put on a sounder footing because growth would be more sustainable, less costly, and less dependent on foreign commodities.
  • Equally as true is that most people don't want higher taxes placed on anything – particularly (and paradoxically) if they've already invested significant amounts of money in inefficient homes and businesses, wasteful heating systems, fuel-guzzling vehicles, and so on.

• Measuring the Money Supply

  • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.
  • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.
  • In economics, the monetary base (also base money, money base, high-powered money, reserve money, or, in the UK, narrow money) is a term relating to (but not being equivalent to) the money supply (or money stock) or the amount of money in the economy.
  • M2: Represents money and "close substitutes" for money.
  • In economics, the money supply or money stock, is the total amount of money available in an economy at a specific time.

• Addressing Market Needs

  • Examples of markets include: Physical retail markets, such as local farmers' markets, shopping centers and shopping malls Non-physical internet markets Ad hoc auction markets Markets for intermediate goods used in production of other goods and servicesLabor markets and international currency and commodity markets Stock markets, for the exchange of shares in corporations Artificial markets created by regulation to exchange rights for derivatives that have been designed to ameliorate externalities, such as pollution permits.
  • The exchange of goods or services for money is called a transaction.

• Forces in Consumerism

  • For example, after observing the assembly lines in the meat packing industry, Frederick Winslow Taylor brought his theory of scientific management to the organization of the assembly line in other industries; this unleashed incredible productivity gains and reduced the costs of all commodities produced on assembly lines.
  • Making a lot of money outranked previous reasons such as becoming an authority in a field or helping others in difficulty.

• Connecting the dots

  • Furthermore, potable water is now at such a critical low level that wars over this crucial commodity are predicted to break out within 10–20 years while the Earth's resources (of which there are finite supplies) continue to be captured, abused, concentrated to industrial (toxic) levels, and discarded at an alarming rate.
  • Let your competitors spend their money on lawyers and lobbyists.