Commodity

Author:Jeffrey Lehman, Shirelle Phelps

Page 27

A tangible item that may be bought or sold; something produced for commerce.

Commodities are defined as marketable goods or wares, such as raw or partially processed materials, farm products, or jewelry. Intangibles, such as human labor, services, or advertising, are generally not considered to be commodities.

To continue reading

FREE SIGN UP