A Commodity is a product or service. It may be produced by one or multiple Industries or institutions. Commodity Output represents the total value of production of that product or service, regardless of the Industry or Institution that produced it.
- An Industry or Institution can make more than one Commodity.
- A Commodity can be produced by more than one Industry or Institution.
Commodity Output Events are most appropriate to use when an analyst knows there is a change in Commodity demand or production but does not know which Industries or Institutions will meet that demand. Learn more in Explaining Event Types and Industry vs. Commodity Output.