A commodity is a term used in economics that means it is a good that is needed and is not compared based on where the product came from. Commodities are known for being raw in which no one has done anything to it. Some commodities include sugar, rice and iron.
Sometimes, commodities can be services like accounting or marketing. In regard to the goods commodities, the most profitable and important seems to be crude oil. Crude oil is used daily and wars have been fought over crude oil. It can make a person rich if they own mineral rights where oil has been found. Since crude oil makes fuel that is used by so many people, this is why it is considered the mother of all commodities.
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