[Answer] Which group is an example of a commodity organization?

Answer: Organization of Petroleum Exporting Countries

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Which group is an example of a commodity organization? In economics the term commodity is used specifically for economic goods that have full or partial but substantial fungibility; that is the market treats their instances as equivalent or nearly so with no regard to who produced them. Karl Marx described this property as follows: "From the taste of wheat it is not possible to tell who produced it a Russian serf a French peasant or an English capitalist." Petroleum and copper are examples of commodity goods: their supply and demand are a part of one universal market. The following is a list of Futures contracts on physically traded commodities The Harmonized Commodity Description and Coding System also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs Co-operation Council) an independent ... Types of social groups - Wikipedia Community organizing - Wikipedia ...

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