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Define and give an example of a commodity

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Commodity (n) - a raw material or primary agricultural product that can be bought and sold.
Examples: copper, coffee, wheat, rice, oil, and silver.
User Lee Kang
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Answer:

A commodity is discussed below.

Step-by-step explanation:

  • In commerce, a commodity is described as a physical asset that can be purchased and traded or swapped for commodities of comparable value.
  • Like other types of goods such as stocks, commodities have worth and can be sold on public markets.
  • And like other goods, commodities can vary in cost according to stock and request.
User Arya Mohanan
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