Commodities, Explained

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Commodities, Explained
What are commodities?
Commodity is a good or service that is sold in exchanges.

A commodity has a full or partial substantial fungibility. In other words, any good or service can be interchanged with other same good or service. The units are the same with no regard who produced them. Of course, the quality may differ a bit, but it is almost uniform for all manufacturers. The most representative examples of commodities are precious metals such as gold, silver, and platinum; raw materials such as oil, gas, and coil; food products such as coffee beans, wheat, potato, sugar, and cattle. Often commodities are inputs for the production of other goods.

to follow - https://cointelegraph.com/explained/commodities-explained

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