Its value must be easy to determine true of a commodity for it to be used as money.
Describe a commodity.
A commodity is a basic good used in commerce that may be traded for other things of the same sort. Commodities are typically used as starting points for the production of other goods and services. Consequently, a commodity is frequently a raw material used to produce finished goods. A product, on the other hand, is a finished good that is put up for sale to clients.
Although a commodity's quality might vary somewhat amongst producers, it is often the same. A base grade, or a collection of fundamental conditions, must also be followed by commodities that are traded on an exchange.
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