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commodity:

. . . a resource used commercially or, in general, something used to gain an advantage. Products are commodities that satisfy wants and needs of consumers, for example. A February 2011 Monthly Labor Review article stated that . . . commodity types are unprocessed goods, processed goods, construction, traditional services, transportation services, and trade services (source of quote). Add to that, the commodity types that are reprocessed and resold goods. Raw and unprocessed goods ownerships are traded in a commodity market. The glossary definition of money points out that Ludwig von Mises defined it as the . . . most marketable commodity (source of quote).



 
 
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Economic Development Services, Inc. -- copyrights and all rights reserved / 08/23/2013