Tag: commodity
Law Of Demand
DefinitionIn microeconomics, the law of demand states that, "conditional on all else being equal, as the price of a good increases, quantity demanded decreases...
Law Of Diminishing Marginal Utility
What is the law of diminishing marginal utility
The law of diminishing marginal utility is the principle that as a person consumes more of a...
Law Of Supply
DefinitionThe law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in...
e-CBOT
What is e-CBOT and how does it work
The e-CBOT system is a secure, electronic platform that allows users to trade financial instruments including commodities,...
Daily Trading Limit
What is 'Daily Trading Limit' The maximum gain or loss on a derivative contract, such as options and futures contracts, that is...
AAAA Spot Contract
What is 'AAAA Spot Contract' A standardized contract drawn up by the American Association of Advertising Agencies that governs the purchase of...
Labor Theory Of Value
Labor Theory Of Value What is the 'Labor Theory Of Value ' The labor theory of value was an early attempt...
Daily Chart
What is 'Daily Chart' A line graph that displays the intraday movements of a given security. This contrasts to longer term charts,...
E-Micro Forex Futures
What is 'E-Micro Forex Futures' Currency futures contracts traded on CME Globex that are one-tenth the size of standard Forex futures. Currency...
IMF Nonfuel Commodity Index
What is the IMF Nonfuel Commodity Index
The Index is a weighted average of a broad basket of nonfuel commodities. The index was first published...