Commodities

political science term for a politically unstable country

In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

money with value derived from composition from a commodity (such as silver or gold coins)

In economics and law, fungibility is the property of something whose individual units are considered fundamentally interchangeable with each other.

coffee certified as produced to fair trade standards

guideline price for international trade

legal status as property of most non-human animals

In business literature, commoditization is defined as the process by which goods that have economic value and are distinguishable in terms of attributes (uniqueness or brand) end up becoming simple commodities in the eyes of the market or consumers. It is the movement of a market from differentiated to undifferentiated price competition and from monopolistic competition to perfect competition. Hence, the key effect of commoditization is that the pricing power of the manufacturer or brand owner is weakened: when products become more similar from a buyer's point of view, they will tend to buy th