Final answer:
Commodities are generic, largely unprocessed goods that can be processed and resold, and they are often traded in financial markets for immediate or future delivery.
Step-by-step explanation:
The subject of this question is commodities. Commodities are generic, largely unprocessed goods that can be processed and resold. They are often traded in financial markets for immediate or future delivery and are generally traded in very large quantities.
Commodities are generic, largely unprocessed goods often traded on financial markets for immediate or future delivery in large quantities, such as grains, metals, and minerals.
The items that are best characterized as generic, largely unprocessed goods that can be processed and resold, and are often traded in financial markets for immediate or future delivery in very large quantities, are known as commodities. These include, but are not limited to, grains, metals, and minerals. Commodities like gold and salt have historically had intrinsic value and have been used as commodity money. Everyday items that consumers purchase, such as housing, land, and art, can similarly be resold, but do not fit the typical profile of commodities that are traded on financial markets. Consumer goods, such as non-durable goods or durable goods like televisions or refrigerators, are primarily designed for personal use and do not fall under the category of commodities that are traded.