In addition commodity items in financial investment are raw materials with rich economic monetary value like:
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Commodity
the same product regardless who sells it
A commodity is any item which can fufuill a market desire or need. Lumber is considered a commodity because it can be bought and sold to fufill a desire or need in the economy.
Gold is a commodity that can be sold and traded, just like any other commodity. Gold is considered a hard commodity because it is extracted from mining, instead of being grown.
Yes, labor is considered a commodity in the modern economy, as it is bought and sold in the marketplace like other goods and services.
Yes, a television can be considered an example of a commidity. However, it's not a commodity in the stock market meaning of the term. A TV cannot be traded like a stock.
Commodity
Not sure exactly what the question means, but oil is considered a commodity.
the same product regardless who sells it
Yes, a knife can be considered a commodity as it is a widely available product that can be bought and sold in markets.
Water is the most important commodity, without it life cannot be sustained.
A commodity is something sold primarily on price rather than on some characteristic of the product. Because non-organic cow's milk is pretty much the same no matter where you get it, it is sold primarily on price and is therefore considered a commodity. Specialty milks--organic, lactose-free, flavored, from Jersey cattle--are sold on a particular characteristic of the product, so they're not commodities.
Oil is that commodity.
What is the difference between money and commodity? Commodity money is a sort of money that is considered as a present good. Whereas, fiat money is a future obligation as it is simply a promise to pay in the future. Payment is never made when it comes to fiat money, instead it is only discharged. But commodity money, on the other hand, completes the transaction.