Explain what is a commodity?

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. ... When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.

The meaning of the word can be vastly different depending on the context. Typically, "commodity" is used as an economic term to describe an object with high material or trade value. For example, a well-known commodity is gold.

after the signature of the treaty of versailles in june 1919, germany lost nearly 25,000 square miles and a population of 7 million people. these territories included eupen-malmedy area and moresnet which were ceded to belgium. regarding relations with france, germany ceded the sovereignty of the saar coal mines to this country, as well as the provinces of alsace-lorraine.

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