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Overview#

Commodity is an economic good or service that has whose individual units are full or substantially essentially interchangeable.

This implies:

• the market treats instances of the good as equivalent or nearly so with no regard to who produced them
• equivalence of each unit of a Commodity with other units of the same Commodity
  • (ie. a gram of gold is a gram of gold)

More Information#

There might be more information for this subject on one of the following:

• Money