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COMMODITY Definition Meaning - Merriam-Webster The meaning of COMMODITY is an economic good How to use commodity in a sentence an economic good: such as; a product of agriculture or mining; an article of commerce especially when delivered for shipment…
Commodity - Wikipedia In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them
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 are Commodities? Definition Examples | Finbold A commodity is an essential good or material used in commerce to produce and manufacture other goods or services They are used as inputs in the manufacturing process and are often interchangeable with similar goods