4 ms·
You measure it with things that are identical. Futures markets are a good example, steel, lumber, cattle, etc...
by rhacker 5y ago
You measure it with things that are identical.
Futures markets are a good example, steel, lumber, cattle, etc...
- voakbasda 5y agoAs someone that raises grass-fed beef, I can tell you with certainty that not all cattle are identical. Commodity prices give you commodity quality.
- cdiddy2 5y agoeven lumber isnt identical. old lumber was made from older trees that were generally more dense and a harder wood. http://www.historicdoors.co.uk/blog/old-growth-wood-better-new-growth-wood/ http://www.historicdoors.co.uk/blog/old-growth-wood-better-n...