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Commodities

A commodity is a common good, typically which people will buy regardless of who provides it. Few, if any, people demand a certain kind/brand of wheat or oil--they will accept this good from any producer, as it looks and functions exactly the same. There are different kinds of commodities...

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PostedApril 13, 2014
AuthorIsabel Munson
CategoriesCommodities
Tagscommodity, commodities, oil, wheat, gold, silver, economics

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