- basic commodity
- noun
see basic crop
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basic crop or basic commodity,U.S. any crop essential to the economy, especially one receiving high Federal price support.
Useful english dictionary. 2012.
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Useful english dictionary. 2012.
basic crop — noun or basic commodity : an agricultural product deemed of sufficient economic or political importance to be designated by the United States Congress for special production controls or price supports * * * basic crop or basic commodity, U.S. any … Useful english dictionary
Commodity Futures Trading Commission Act of 1974 — Commodity Futures Trading Commission (CFTC) Act of 1974 (P.L. 93 463) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible… … Wikipedia
commodity — [kə mäd′ə tē] n. pl. commodities [ME & OFr commodite, benefit, profit < L commoditas, fitness, adaptation < commodus: see COMMODE] 1. any useful thing 2. anything bought and sold; any article of commerce 3. [pl.] basic items or staple… … English World dictionary
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commodity — An article of commerce or a product that can be used for commerce. In a narrow sense, products traded on an authorized commodity exchange. The types of commodities include agricultural products, metals, petroleum, foreign currencies, and… … Financial and business terms
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