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A commodity is anything for which there is demand, but which is supplied without qualitative differentiation across a given market.[clarify] Characteristic of commodities is that their prices are determined as a function of their market as a whole. Generally, these are basic resources and agricultural products such as iron ore, crude oil, coal, ethanol, sugar, soybeans, aluminium, rice, wheat, gold and silver.
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Sunday, October 17, 2010
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