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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…
a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.: One big commodity that Canada exports is oil. Higher commodities prices boosted first-quarter profits. agricultural commodities.
27 Ιουν 2024 · A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods...
commodity. noun. /kəˈmɒdəti/. /kəˈmɑːdəti/. (plural commodities) (economics) a product or a raw material that can be bought and sold. rice, flour and other basic commodities. a drop in commodity prices. Crude oil is the world's most important commodity.
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.
A standardized good, which is traded in bulk and whose units are interchangeable. Commodities are mostly the output of the primary sector, that is, agriculture and mining, or semi-processed products.
23 Φεβ 2024 · A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities. Discover how investors profit from the commodity market.
