Assets, Dependable, Tangible…

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. When they are traded on an exchange, commoditiesmust also meet specified minimum standards, also known as a basis grade.

A commodity product refers to any product which is similar to other products of the same variant (that are available from other manufacturers). For instance, sugar, and gold can be termed as commodity products.