explain the definition. Act as if you were talking to someone who just learned the english language. use simple words. like, on a scale from 1-10 1 being really really dumb word choice and 10 being super super intelligent words, i would say dont go any further then about a 6 MAX.
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3 Responses
A commodity is something that we buy. It is something that you can buy, make something else out of, and then sell that final product. For example, cotton. As an average person, you would never buy cotton straight from the fields. However, manufacturing plants will buy raw cotton (a commodity), and make clothing (a good). They then sell the goods to the public.
Posted on March 7th, 2010 at 4:34 am
It’s just a resource of income for a country, in which the country produces just one or several in order to sustain its economy and grow into a bigger economy. Very common in Africa & Central America.
Posted on March 7th, 2010 at 4:59 am
There are commodity exchanges at which certain agricultural and mine products are bought and sold, and these products are called commodities. Less specifically, a commodity is anything which can be bought, sold, or traded. Usually it is a physical item, but it can be knowledge or some other product of the intellect.
Posted on March 7th, 2010 at 5:02 am
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