Question

What are long term factors affecting the demand for primary commodities? Discuss and explain major international commodity agreements

Answer 1

the factors affecting primary commodities are poverty,fall in standard of living ,rise in cost of living...etc

this results in problem for poors poor becomes more poor and rich becomes more rich

the major commodities are rice,wheat,vegetable,fuels...etc

if the price of this commodities increases there would be a fall in economy of country