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Commodity Definition

A commodity is a basic raw material or primary agricultural product that can be bought and sold, such as gold, oil, or wheat.

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What is a Commodity?

Commodities are typically standardized, allowing them to be traded interchangeably on exchanges.

They are commonly divided into categories such as energy, metals, and agricultural products.

Example of Commodity

Crude oil, gold, and coffee are all examples of commodities traded on global markets.

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