Pasta is, typically a noodle made from an unleavened dough of a durum wheat flour mixed with water and formed into sheets or various shapes, then cooked and served in any number of dishes. It can be made with flour from other cereals or grains, and eggs may be used instead of water.
Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular historical relevance when analyzed in light of Gresham's Law.
DEFINITION of 'Commodity'. 1. A basic good used in commerce that is interchangeable with other commodities of the same type.Commodities are most often used as inputs in the production of other goods or services.The quality of a given commodity may differ slightly, but it is essentially uniform across producers.REAKING DOWN 'Commodity'. 1. The basic idea is that there is little differentiation between a commodity coming from one producer and the same commodity from another producer-a barrel of oil is basically the same product, regardless of the producer.