Question

difference between commodities and goods

Answer 1

In the economy, this item is something that meets human needs and provides a benefit, forexample, to the consumer who is buying. Thereis a clear difference between the "goods" that are a tangible property (which is also called as well as the name of the goods) and services that are not material, a type of cargo. You can use the term as a synonym for commodities aswell as economic goods, but it often refers to raw materials and basic products that can be marketedAlthough the economic theories are considered all goods as concrete, but in practice there are certain categories of goods, such as information, do not come only in intangible forms. For example, among other goods, the apple is something tangible, while the news belong to the category of goods intangible and unimaginable and obtained only through a tool such as print or radio or computer.

Answer 2

a commodity is a good where all items are common and interchangeable...



commodities can be traded easily because there is no difference in the items...



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