commodity exchange

noun

an exchange for the buying and selling of futures contracts on commodities, as butter, coffee, sugar, and grains.

First recorded in 1930–35

Indeed, this is perfectly true with regard to every individual act of commodity exchange which is the form of social circulation.

Modern China presents a classical example of the ‘gentle’, ‘peace-loving’ practices of commodity exchange with backward countries.

In both its phases, however, it is confined to the exchange of equivalents and remains within the limits of commodity exchange.

This is the way in which Canton was made receptive to commodity exchange.

April 24, 2024gallimaufry

[gal-uh-maw-free ]

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