1. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Commodities Commodity markets Demand

2. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Commodities- raw materials such as coal, oil, copper, iron ore, wheat and soya. Commodity markets Demand

3. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Commodities- raw materials such as coal, oil, copper, iron ore, wheat and soya. Commodity markets- where buyers and sellers meet to exchange commodities - often these are international, organised markets for example, The London Metal Exchange and the New York Mercantile Exchange. Demand

4. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Commodities- raw materials such as coal, oil, copper, iron ore, wheat and soya. Commodity markets- where buyers and sellers meet to exchange commodities - often these are international, organised markets for example, The London Metal Exchange and the New York Mercantile Exchange. Demand- the amount consumers are willing and able to buy at any given price.

5. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Goods markets Shortage Supply Surplus

6. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Goods markets- the market for everyday products such as clothes, food, petrol, going to the cinema, a DVD etc. Shortage Supply Surplus

7. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Goods markets- the market for everyday products such as clothes, food, petrol, going to the cinema, a DVD etc. Shortage- where the demand for a good or service is greater than the supply. When a shortage exists, prices will tend to rise. Supply Surplus

8. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Goods markets- the market for everyday products such as clothes, food, petrol, going to the cinema, a DVD etc. Shortage- where the demand for a good or service is greater than the supply. When a shortage exists, prices will tend to rise. Supply- the amount sellers are willing to offer for sale at any given price. Surplus

9. Edexcel GCSE Business Studies © Pearson Education 2009 Chapter 24 Key terms Reveal the key term by clicking the forward arrow on your keyboard. Goods markets- the market for everyday products such as clothes, food, petrol, going to the cinema, a DVD etc. Shortage- where the demand for a good or service is greater than the supply. When a shortage exists, prices will tend to rise. Supply- the amount sellers are willing to offer for sale at any given price. Surplus- when the demand for a good or service is less than the available supply. When a surplus exists, prices will tend to fall.