Commodity markets are markets where raw or primary products are exchange. These raw commodities are traded on regulated Commodities Exchange,In Which they bought and Sold in Standardized Contracts.
“When an economist, economics textbook talks about a Commodity, they mean a good that possess es following properties:
-Usually product and Sold by many different Companies.
-Is uniform in quality between Companies That produce and sell it on time. You Can not tell the difference between one firms products and other.
There are we talk to Commodity then we can define its ‘A Commodity is good For which there is demand , but Which is Supplied Without Qualitative differentiation across a market.CLIK HERE
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