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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…
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
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
Commodity Definition | Investing Dictionary - U. S. News What Is a Commodity? A commodity is a raw material that is typically used as input for producing other goods or services Commodities are typically produced uniformly, meaning a specific amount
COMMODITY definition and meaning | Collins English Dictionary A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar The corporation provided $150 million to finance the exports of various commodities and food goods including cotton and tobacco