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A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are typically Natural Resources or agricultural products, such as oil, gold, wheat, and coffee. They are often traded on exchanges and their prices are determined by supply and demand dynamics in the market. Commodities can be categorized into two main types: hard commodities (natural resources) and soft commodities (agricultural products).

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3mo ago

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