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To: jhg_in_kc who wrote (52783)	7/21/1998 12:45:00 PM
From: Chuzzlewit	Respond to of 176387

Re: When gentlemen define their terms, knowledge increases. I am not a gentleman. I am a pussycat! Nevertheless, Jim commonly uses the term 'commodity' in a disparaging manner. I suspect that what he means is that the product of one company is identical to the product of another -- like oil or table salt. If that's what he means he is clearly wrong. I suspect that he means that there isn't that much to distinguish the products from various vendors. In that sense you could call automobiles and airplanes commodities. Although I must confess that the notion of a Ferrari in that sense is a bit amusing. I use it in the more general sense of economics -- anything that is traded is a commodity. There is no pejorative implication. TTFN, CTC