what is meant by commodities
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a raw material or primary agricultural product that can be bought and sold, such as copper or coffee
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It is a reasonably interchangeable material that can be bought and sold freely .
It includes prime agricultural products and raw materials.
It includes prime agricultural products and raw materials.
Mithil1234:
A commodity market is a market that trades in primary economic sector rather than did products. Soft commodities are agricultural products such as wheat, coffee, cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil.
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