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What are the three types of commodities?

April 26, 2017Commodities types

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What are the three types of commodities?

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A. (1) Essential commodities, such as rice, lentils, salt and clothing. (2) Demi-essential commodities such as oil, soap, and (3) Non-essential commodities such as luxury goods. These category contents will vary from country to country depending on the standard of living. Items in each category will go on being revised over time. What today is a demi-essential item may tomorrow be considered an essential commodity.