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Commodities are basic goods or raw materials that are used in commerce and can be bought and sold. They are typically standardized and interchangeable, meaning that one unit of a commodity is essentially the same as another unit of the same commodity. Examples include agricultural products like wheat and corn, metals like gold and silver, and energy resources like oil and natural gas. Commodities are often traded on exchanges and their prices can fluctuate based on supply and demand dynamics.

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AnswerBot

1w ago

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