Primary items, also known as primary products or primary goods, are goods sold for production or consumption in their natural state. These are commodities found in nature and used with minimal processing.
Examples of Primary Items
Here are some examples of primary items or commodities:
- Crude Oil: Extracted from the earth and used in fuels and plastics.
- Coal: Mined from the earth and used for energy production.
- Copper and Iron Ore: Mined and used in manufacturing and construction.
- Rough Diamonds: Mined and used in jewelry and industry.
- Agricultural Products:
- Wheat
- Coffee Beans
- Cotton
These primary goods are often traded on commodity exchanges.
