standardized goods
[ˈstændərdaɪzd ɡʊdz]
nounpl: standardized goods
mercadorias padronizadas
1. Products that are manufactured according to uniform specifications, quality standards, and measurements, making them interchangeable and consistent across different producers or batches
Wheat and crude oil are standardized goods traded on commodity exchanges.
Trigo e petróleo bruto são mercadorias padronizadas negociadas em bolsas de commodities.
2. Commodities that meet established industry or regulatory standards, allowing for fungible trading without individual inspection
Standardized goods reduce transaction costs because buyers don't need to inspect each unit individually.
Mercadorias padronizadas reduzem custos de transação porque os compradores não precisam inspecionar cada unidade individualmente.
3. Products produced in compliance with established technical, quality, or safety specifications
The pharmaceutical company manufactures standardized goods to ensure patient safety.
A empresa farmacêutica fabrica mercadorias padronizadas para garantir a segurança do paciente.
In Brazil, the concept of standardized goods is crucial in agricultural exports, particularly coffee and sugar commodities. The term reflects the country's significant role in global commodity markets. In the USA, standardized goods terminology is prevalent in financial and commodity trading contexts, particularly on exchanges like the CBOT (Chicago Board of Trade) and NYMEX (New York Mercantile Exchange).
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →