A measurable commodity is any
Petrol, for example, is a measurable commodity whose standard is the barrel, and the fixed point number an integer.
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Government contract — Contracting with the U.S. Government is based on many of the same principles as commercial contracting andcan be very profitable, but is sufficiently different from commercial contracting to require special care.Persons entering into commercial… … Wikipedia
Government procurement in the United States — is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below. Persons entering into commercial contracts are pretty much free to do anything that they can agree on. Each… … Wikipedia
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marketing — /mahr ki ting/, n. 1. the act of buying or selling in a market. 2. the total of activities involved in the transfer of goods from the producer or seller to the consumer or buyer, including advertising, shipping, storing, and selling. [1555 65;… … Universalium
consumer surplus — ▪ economics also called social surplus and consumer s surplus in economics, the difference between the price a consumer pays for an item and the price he would be willing to pay rather than do without it. As first developed by Jules… … Universalium
utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials … Universalium
Representative money — refers to money that consists of token coins, other physical tokens such as certificates, and even non physical digital certificates (authenticated digital transactions) that can be reliably exchanged for a fixed quantity of a commodity such as… … Wikipedia
History of economic thought — The history of economic thought deals with different thinkers and theories in the field of political economy and economics from the ancient world to the present day. British philosopher Adam Smith is cited by many as the father of modern… … Wikipedia
agricultural economics — Introduction study of the allocation, distribution, and utilization of the resources used, along with the commodities produced, by farming. Agricultural economics plays a role in the economics of development, for a continuous level of farm… … Universalium
Reification — The term reification is linked to the notions of alienation and commodity fetishism. It refers to the idea that human qualities, relations, actions and even human beings themselves are transformed in the course of capitalist production into… … Historical dictionary of Marxism
