Meaning of Commodities (What they are, Concept and Definition)

Commodities is an English word, it is the plural of commodity that means merchandise. This word is used to describe products with low added value.

Commodities they are items of commerce, goods that do not undergo alteration processes (or that are little differentiated), such as fruits, vegetables, cereals and some metals. As they follow a certain pattern, the price of commodities is traded on the International Stock Exchange, and depends on some market circumstances, such as supply and demand.

Often the word commodities can be synonymous with "raw materials" because they are products used in the creation of other goods.

Brazil is a great producer of some commodities such as coffee, oranges, oil, aluminum, iron ore, etc.

At commodities can be divided into four categories:

  • Commodities minerals: oil, gold, iron ore, etc.
  • commoditys financial: real, euro, dollar, etc.
  • commodityenvironmental s: water, wood, energy, etc.
  • Commodities agricultural: soy, wheat, coffee, cotton, rubber, etc.

Meaning of Smooth (What it is, Concept and Definition)

smooth means "soft" in the literal translation of the English language, but it can also be transl...

read more

Meaning of Insight (What It Means, Concept and Definition)

insight is a noun originating in the English language and meaning sudden understanding of somethi...

read more

Meaning of Call center (What it is, Concept and Definition)

call center is call center that aims to interface between the customer and the company. It's an E...

read more