Define and give an example of a commodity

Commodity (n) - a raw material or primary agricultural product that can be bought and sold.

Examples: copper, coffee, wheat, rice, oil, and silver.

A commodity is discussed below.

Explanation:

In commerce, a commodity is described as a physical asset that can be purchased and traded or swapped for commodities of comparable value. Like other types of goods such as stocks, commodities have worth and can be sold on public markets. And like other goods, commodities can vary in cost according to stock and request.