give the meaning and example of commodities which are universally and abundantly available
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For example; Cereal, valuable ores, power, fuel, beef, fruit juice, and natural gas are common instances of commodities. Logically interchangeable assets or substance bought and sold smoothly as an object of economics are abundantly available and can be detected easily everywhere.
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These are the commodities which are available easily anywhere and are frequently used.
Examples:
- Cereals
- Vegetables
- Oil
- Wood, etc.
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