
Types of Commodities: Energy, Metals, Agriculture, and Livestock
Understanding the Types of Commodities Commodities represent fundamental goods that are extensively used in commerce and are interchangeable with other goods of like kind. A clear comprehension of the various types of commodities—primarily energy, metals, agriculture, and livestock—is crucial to understanding the global economy. Each category possesses distinct characteristics and serves a vital function in economic frameworks worldwide. Energy Commodities Energy commodities are indispensable as they are the lifeblood of both industries and residential utilities globally. This category mainly encompasses oil, natural gas, and coal. Oil stands out as arguably the most impactful energy commodity due to its pervasive role not only in transportation butRead More →