Commodity

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Revision as of 13:25, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
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A good which is supplied without qualitative differentiation across a market.

Traditionally a commodity was a physical raw material that was an essential ingredient in a manufactured product. The definition has expanded to encompass manufactured basic industrial inputs such as steel and even intangible rights such as carbon emissions created by legislation rather than by nature.


See also