Difference between revisions of "Commodity"
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| − | A commodity in [[economics]] is a [[goods|good]], such as food, | + | A '''commodity''' in [[economics]] is a [[goods|good]], such as [[food]], [[metal]]s or [[grain]]s, which is interchangeable with similar goods, and which is available in large quantities. |
Investors can buy or sell on [[commodities exchanges]] using [[futures contracts]]. | Investors can buy or sell on [[commodities exchanges]] using [[futures contracts]]. | ||
| − | More generally, a commodity is any good in a competitive market. | + | More generally, a commodity is any good in a [[competitive]] [[market]]. |
[[Category:Economics]] | [[Category:Economics]] | ||
Revision as of 19:10, April 27, 2007
A commodity in economics is a good, such as food, metals or grains, which is interchangeable with similar goods, and which is available in large quantities.
Investors can buy or sell on commodities exchanges using futures contracts.
More generally, a commodity is any good in a competitive market.