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COMMODITY Definition Meaning | Dictionary. com Commodity definition: an article of trade or commerce, especially a product as distinguished from a service See examples of COMMODITY used in a sentence
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
Commodities | Meaning, Types, Factors, Strategies, Pros Cons Commodities are a vital part of the global economy and are essential in the production of goods and services The term "commodities" refers to raw materials such as metals, energy, agricultural products, and livestock
What is a Commodity? Understanding Basic Economic Goods A commodity is a basic good or raw material used in commerce and trade These products are typically interchangeable with other goods of the same type, regardless of who produces them