Commodity Bundle

(redirected from market basket)
Also found in: Dictionary, Wikipedia.

Commodity Bundle

One unit of the collection of the complete set of goods produced and sold in the world market.
References in periodicals archive ?
Market basket choice is a decision process in which a consumer selects items from a number of product categories on the same shopping trip.
For example, if the plan calls for two gallons of milk for all four family members and milk costs $2.45 per gallon, then the milk component of the market basket equals $4.90.
In real life, we don't stick with a fixed market basket. When the price of beef rises, we eat more chicken; the price of maintaining the same standard of living may still go up, but not as fast as it would if we couldn't switch.
Each variety of the product or service in the market basket is sampled in proportion to its sales in the retail outlets selected for pricing.
However, it can overstate or understate the impact of inflation on an individual family whose market basket may differ from the government's.
A researcher who uses the appropriate superlative index number formula will obtain exactly the same index value from observable data on prices and on the composition of the market basket in the time periods being compared as a researcher who knows the true values of the coefficients in the cost-of-living function.
Each market basket is presented in two tables: the first is a percent-change table, and the second provides the actual index numbers from which the percentages were computed.
For FY 2020, CMS is rebasing and revising the IPF market basket to reflect a 2016 base year from a 2012 base year.
NATIONAL Master (NM) Joey Albert Florendo made his presence felt by claiming this year's top spot of the Araw ng Dabaw FIDE Rated Open chess championships held recently at the Damosa Market Basket.
NEW YORK -- Saving money remains one of the big reasons that consumers choose store brand products, and a pair of market basket studies released this year by the Private Label Manufacturers Association reveal how significant those savings can be.
Other stores receiving high overall satisfaction scores were Fareway Stores, Market Basket, Costco and Raley's.