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Finance allah shmoop What are commodities This is a comm

owed And this is my monnet ease And neither of

them have anything to do with commodities though if you

say them fast enough well you'll never mind A commodity

is something that is common like it's everywhere See the

com o there for the big hand Like gold is

a commodity it's everywhere oil is a commodity it's everywhere

seven hundred fourteen page paperback copy of moby dick is

a commodity and yes we can't resist clueless politicians are

a commodity as well Well a commodity is basically the

same thing no matter where and how you buy it

That copy of moby dick is the same copy whether

you get it at your local bookstore If a physical

book stores even exist anymore or on amazon the serial

killer of those aforementioned book stores So if something is

the same everywhere well what would be the opposite Well

how about a swim lesson from michael phelps You know

you can't buy that on amazon Not yet anyway Or

say you want to be the proud owner of a

three headed dog Well you might be able to find

one somewhere but it's going to cost you a whole

lot of kibble Or what if you were looking to

buy a blouse like one that was worn by j

edgar hoover Well those are pretty uncommon and or unique

commodities Well the basic idea is that most commodities can

be sold by lots of people so their profit margins

are generally low They may sell an extreme volume but

if you have thirty people competing to sell you that

same copy of moby dick don't don't you think the

last guy just desperate to get it off his shelves

will drop the price really low and you'll take it

Yeah unfortunately then you have to read that book That 00:01:41.357 --> [endTime] book really will be your way