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What does commodity?

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Anonymous

11y ago
Updated: 9/23/2022

Commodities are products that are bought and sold exclusively on price, rather than by any special features of the product.

An easy and common example is wheat. There are two kinds of wheat in the market: hard wheat, which is used for bread, and soft wheat, which is used for pastries. All hard wheat works the same, so you buy it on price.

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Hailee Hills

Lvl 10
3y ago

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