Question

Which of these is an example of a commodity?
A restaurant meal
Corn
A college lecture
A book, blog entry, or magazine article

Answer 1

Answer:

Corn

Explanation:

A commodity can be defined as a basic good, a raw material and a primary agricultural product, that is to say, a good that has not gone through a manufacturing process; this type of goods can be traded or exchanged for products of similar value. Cereal grains like corns are an example of a commodity because they're primary agricultural products. Other examples of commodities are sugar, coffee, olives, almonds and mining products like copper and iron ore.

Answer 2

Cereal grains is an example of a commodity since they are primary agricultural products

What are commodities with examples?

A commodity is a basic good, a raw material, and a primary agricultural product that has not gone through a manufacturing process and stages.

These types of goods can be traded or exchanged for products of similar value.

For instance cereal grains example of a commodity since they are primary agricultural products. Another example of a commodity is olive and almond.

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