Commodity

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Commodity

A tangible item that may be bought or sold; something produced for commerce.

Commodities are defined as marketable goods or wares, such as raw or partially processed materials, farm products, or jewelry. Intangibles, such as human labor, services, or advertising, are generally not considered to be commodities.

See: appliance, chattel, item, object, product
References in periodicals archive ?
The first model introduces increasing marginal costs into the G&V homogeneous product model and, by showing the equivalence with the differentiated products model, demonstrates the possibility of type 2 underinvestment in this scenario.
In fact, if the association between advertising intensity and technical change is strong in both the production of homogeneous and heterogeneous goods, the impact of advertising on profitability should appear stronger in the case of homogeneous products.
Trademarked Reactint, line is said to comprise low viscous, homogeneous products that are easy to handle.
However, homogeneous products abound, and creativity is badly needed in the industry.
Provision of food for 2015 are 17 batches of homogeneous products.