Question

Define and give an example of a commodity

Answer 1

Commodity (n) - a raw material or primary agricultural product that can be bought and sold.
Examples: copper, coffee, wheat, rice, oil, and silver.

Answer 2

A commodity is discussed below.

Step-by-step explanation:

• In commerce, a commodity is described as a physical asset that can be purchased and traded or swapped for commodities of comparable value.
• Like other types of goods such as stocks, commodities have worth and can be sold on public markets.
• And like other goods, commodities can vary in cost according to stock and request.