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What is a Commodity? An Economic and Market Perspective A commodity is more than just a raw material—it is a cornerstone of global trade, economics, and financial markets Defined by its fungibility, standardisation, and universal demand, a commodity can be anything from oil and gold to wheat and coffee
What Are Commodities? - The Motley Fool Commodities are undifferentiated products They are distinct from branded products like cars, watches, or smartphones, which are generally identified by the company that makes them Commodities