Released under the GIC Framework
GIC Challenges related to Commodity
Commodity
Commodity – elements present in communities which, through cultivation, production, or value-add, can be used to generate means of social or commercial engagement. These include those things that, like potential energy, can be used or transformed to add utility, value or exchange but in whose natural or unaltered state preserve equal capacity for use and value to anyone (think of them as the ingredients that can be assembled for supporting life, enterprise, and exchange); examples of commodity are food, water, materials, land, plants, seeds, livestock, renewable, extractions;
Comments
Commodities are any goods
Commodities are any goods that holds its demand in the market without qualitative differentiation when it's to be supplied. And I appreciate and like the way the definition of commodity has been illustrated above. If talking about cultivation or production, it is always necessary that the equipments that we use should be accordingly. Here I want to add something about agricultural related equipments which are equally important in agriculture like chemicals, spade, a tractor and water supply for irrigation. Also these days many people can be seen using pumps like hypro pumps to supply water to the field. Also famers should be given knowledge about commodities and proper agricultural methods to take out better produt. Energy saving programs should be created quite often.