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Commodity - Wikipedia, the free encyclopedia
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Commodity
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"Wares" redirects here. For the online distribution of copyrighted goods, see
Warez.
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Yerba mate (left),
coffee and
tea (right), all used for
caffeinated infusions, are commodity
cash crops.
In
economics, a commodity is the generic term for any marketable item produced to satisfy
wants or
needs. Economic commodities comprise
goods and
services.
The more specific meaning of the term commodity is applied to A commodity has full or partial
fungibility; that is, the market treats it as equivalent or nearly so no matter who produces it.
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