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Commodity
01
(economics) an unprocessed material that can be traded in different exchanges or marketplaces
02
something that is considered to be useful or valuable
Example
Investors often include commodities in their portfolios as a hedge against inflation and market volatility.
The trading of commodities plays a crucial role in the global economy, facilitating the exchange of raw materials between producers and consumers.
Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
Due to the increasing health consciousness, organic produce has grown in demand as a commodity in supermarkets.
Oil has long been a highly valued commodity on the global market, influencing economies and politics.
