Continue reading Â». Sarojini Naidu, known as the âNightingale of Indiaâ, was a celebrated poet, playwright and Indian independence activist. She was the first woman to become President of the Indian National Congress and the first woman to achieve the post of Governor of Uttar Pradesh state.
Commodities are bulk goods and raw materials, such as grains, metals, livestock, oil, cotton, coffee, sugar, and cocoa, that are used to produce consumer products. The term also describes financial products, such as currency or stock and bond indexes.
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.