Question

h) What were commodities?​

Answer 1

Answer:

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. ... When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.

Answer 2

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type.