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What are commodities?

Answer:

A Commodity is an item traded strictly on price. This can be anything--for instance, Windows PCs are a commodity item. When a company wants to buy some computers, they decide how much RAM, how much disk space, the size of the monitor and so on, and then they usually buy the cheapest PC that meets all those specs.

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Bulk products, such as metal, grain, or food that are traded on the commodities exchanges.

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Contributor:

Jadeacres

First answer by Antti101. Last edit by Jmowreader. Contributor trust: 1120 [recommend contributor ]. Question popularity: 17 [recommend question].

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