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What is a Commodity? | Commodity Explained in 3 Minutes
This video is all about economic goods, commodities, and how they are compared to each other. You will also learn what is the difference between hard and soft commodities. Time codes: 00:00 What is a commodity? 00:31 Economic good 01:15 Commodity definition 01:57 Interchangeable commodities 02:03 Set of standards 02:40 Hard commodities 02:51 ...
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