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Commodity - Wikipedia Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat Commodities can also be mass-produced unspecialized products such as chemicals and computer memory Popular commodities include crude oil, corn, and gold
Commodity | Meaning Example | InvestingAnswers What Is a Commodity? A commodity is a raw material that is bought and sold but is interchangeable with other materials of the same type -- such as oranges or lumber Companies that produce these goods sell them to the companies that will use them
What are Commodities? Definition Examples - Finbold Commodities are raw materials that we come across in our daily lives When prices of essential goods go up or down, it can directly impact the cost of our grocery shopping If the price for grains like wheat is rising, this is likely to reflect in the commodity prices, like bread or flour cost
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