An economic unit that can be bought or sold, but the price is the same regardless of the manufacturer. Oil, gold and wheat are examples of commodities.
Definition of Commodities: Raw materials are used by millions or billions of consumers every day and their prices are based on supply and demand.
A simple definition of Commodities is: Bulk products, such as grains, metals and food, are sold on commodity exchanges or in the local market.
You can define Commodities as, These are raw materials and foodstuffs that can be divided into 5 main categories: agricultural products (e.g., wheat and potatoes), soft materials (e.g., coffee and cocoa), precious metals (e.g. As, gold and silver), non-sharp metals (such as copper and lead). ) And energy (e.g., oil and gas).
Meanings of Commodities
Raw materials or basic agricultural products that can be bought and sold, such as copper or coffee.
Sentences of Commodities
Products such as copper and coffee
Synonyms of Commodities
product, artefact, item, type of produce, object, thing, material, article, piece of merchandise