Free Essays on Commodity to Get Inspired & Learn by Example

Introduction

The reason why sex is viewed as a female commodity is that for a man, sex is all about benefit with little or no cost at all, whereas for a woman, sex involves a potential cost in the form of pregnancy, endurance of pain during childbirth and probable death from it (Baumeister and Vohs, 2004). Since sex is costly for a woman, unless there is an incentive, a woman would like to hold back her sexuality, and therefore, a man offers a woman some benefits to offset this (Symon, 1979). This paper would discuss women as sexual commodity in Continue reading...

Better Strategic Understanding Of Product Markets via “Sector Matrix” Compared to the Concepts of “Product” or “Commodity” Chain.

Organization performance can be improved by means of application of three extremely popular and analytical concepts, namely Value Chain set by Michael Porter, which states that for success in the market the company must offer the consumer a product that has value for him, Global Commodities Chain (GCC) Framework suggested by by Gary Gereffi and Miguel Korzeniewicz, which considers the system of labor and manufacture processes whose finale outcome is a completed good, and the Sector Matrix Model theorized by Julie Froud, which offers an extensive diversity of financial study that is moderately simply to observe because it is Continue reading...

Many different sellers and buyers exist within a marketplace (Hildebrand, 2009). It implies that there is competition within the market that allows price to fluctuate in response to shifts in supply, as well as demand. Besides, for almost each commodity there exist substitutes, for that reason, whenever a commodity becomes expensive, a purchaser may prefer a cheaper commodity or substitute. In any given marketplace having many sellers as well as purchasers, the supplier and consumer have an equal chance to influence cost or price of transactions (Mankiw & Taylor, 2006). In some sectors, substitutes do not exist and for that Continue reading...

What for Marx is a commodity?

Marx analyzed the product and its properties in the first volume of "Capital". The richness of modern society consists of goods. This product is a product of labor, not produced for own consumption of the manufacturer or persons related to him, and to exchange it for other products. Consequently, not natural, and social features of the product make it a commodity.

Marx identifies two factors of product:

1) Consumption value. This product is an external object (thing) which satisfies any human needs because of its properties. Commodity body is use-value or benefit. The use-value is realized only in the use or consumption. The exchange value Continue reading...

Program

Introduction
Markets comprise of buyers and sellers of particular goods and services. The behavior of consumers is dependent on demand curves. Demand for goods and services is as a result of buyer behavior. Sellers, on the other hand, determine the supply of goods and services. As such, supply curves are a reflection of sellers’ behaviors. In economic theory, the consumer prices would be a reflection of the real cost of goods and services in fully competitive market. The competitive market, in this case, represents a market with many buyers and sellers such that there is negligible impact on the Continue reading...

Demand and supply

Demand
Demand is the amount of goods that households are willing and able to buy at a particular price in a given period of time holding other variables constant (Mankiw, 2011). Change in price of a commodity lead to change in quantity demanded. For example, if the price of basic commodity such as sugar rise, the quantity demanded will reduce. The law of demand states that there is an inverse relationship between demand and supply. Therefore, demand curve slopes downward. Change in price lead to a movement along demand curve. Determinants of demand are the factors which influence the Continue reading...

Introduction

The unrest that started in Egypt has spread to Libya causing well-founded fears of possible disruption in oil supplies. The price of gasoline increased over the last week to a national average of $3.51 per gallon. The falling of the prices of crude oil over $100 per barrel for the second time in history makes the analysts say that pump prices are likely to head higher. The Americans are currently paying 34 cents more per gallon of gas compared to when Libya crisis started. It is an increase of approximately 11 percent (McEachern, 2013). This paper analyzes the demand Continue reading...

The Process from Consumer Need to Purchase Behavior

Purchases made by a consumer are a part of a complex process of making decisions. The process stems from the consumer’s creations for any decision he or she makes to buy a commodity. There are events that characterize the process prior to and after the actual purchase. The following stages explain the steps involved in the process from the consumer need to purchase behavior:
1. Recognition of the Need or Problem
The identification of the need is the initial process in the process of purchasing. If the consumer does not have a need, then the purchase will be Continue reading...

Demand

Using standard economic theory we can define demand as the quantity of goods and services that consumers want to buy at different prices. This definition of demand is based on the assumption that, all other factors that affects demand remains constant when we consider the effect of price on the demand for any good or service. To put it more simply, we know that demand is affected by a number of factors like price of the product, the income of the individual, the price of other related products, the consumer’s tastes and preferences, and even government policies. When Continue reading...

Based on the explanations presented by Sunder in the book, commodity resistance can best be defined as the act of treating something improperly as if it can be acquired or marketed like other commodities. In essence, commodity resistance entails commodifying things often perceived unmarketable. From a cultural context, commodity resistance entails selling the aspects of culture and making it commercial (Sunder 43). It is contrary to the past where culture was perceived as a community thing whose ownership cannot be defined using any perspective whatsoever. One good example of the commodity, resistance is the tourist’s attractions like Disney Continue reading...