commodity
Meaning
A commodity is a basic good or raw material that is interchangeable with other goods of the same type, often used as a fundamental component in the production of other goods or services, and typically characterized by its fungibility and standardization i
💡 While "commodity" often refers to physical goods like oil or wheat, it can also encompass intangible assets such as digital currencies; care should be taken to specify the context to avoid ambiguity.
Example Sentences
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