Glossary

Commodities

Commodities

Commodities are essential goods used in traditional commerce that are exchangeable with other goods of their common type. These can include raw materials such as agricultural products, livestock/meat, energy products, and metals. Commodities are beneficial as they are easily transferred and traded between businesses in cash markets. This is different from a product, which is a finished good that is sold to consumers.

A significant advantage of using and owning commodities is that they are an excellent hedge against inflation through their base value trade ability outside the currency realm.

A significant disadvantage is that they are a prime target for pirates since they are so easy to offload in Caribbean port towns.

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