ROLE OF THE COMMODITY EXCHANGE FOR ECONOMIC DEVELOPMENT
Abstract
Commodity exchanges expand economic opportunity by stimulating overall growth, building assets, increasing returns on those assets through market action. The utility of a commodity exchange for economic growth also lies in its institutional capacity to eliminate or reduce the high transaction costs faced by actors in commodity supply chains.
Keywords
References
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New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria - contract № КП-06-НП1/5 of 17.12.2019 in the competition of Bulgarian scientific periodicals – 2019
New knowledge Journal of science is financed by the National Science Fund of the Republic of Bulgaria – contract № ДНП 05/52 от 22.12.2016 in the competition of Bulgarian scientific periodicals – 2016
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