What exactly is the difference between Euclidean space,vector space ,metric space ,commodity space,Cartesian space?
I am reading about consumer choice and I came across this line:
"A commodity vector (or commodity bundle ) is a list of amounts of the different commodities and can be viewed as a point in Rl,the commodity space. We can use commodity vectors to represent an individual's consumption levels.The lth entry of the commodity vector stands for the amount of commodity l consumed."
When I googled the meaning of commodity space ,it says - commodity space is Euclidean space and here,as we have taken l entries ,it is l-dimensional Euclidean space.
By l dimensions ,do we mean l directions?
Because when we consider only two commodities in a simple Cartesian plane,we can show them as perpendicular distance from two axis (moving in two perpendicular directions).
Is an l dimensional Cartesian plane similar to l dimensional Euclidean plane?
Since we are taking consumption bundles as commodity vectors,commodity space should be same as vector space.
We are now left with metric space ,the Google search engine defines it as " a set for which distances between all members of the set are defined"
We read about various consumption sets defined as a subset of the commodity space Rl.These consumption sets can be open as well as closed..
This shows that all the spaces listed above are interconnected..or similar to each other.