Commodity

Real World Example

During the Kingdoms and Trading States of Africa from 730 to 1590, gold was a significant commodity. It was crucial in trade, as African kingdoms like Mali and Ghana became wealthy by trading gold with European and Middle Eastern merchants. Gold symbolized wealth and power, and controlling its trade routes was vital for the prosperity of these kingdoms. Today, gold continues to hold value, not just as currency or jewelry, but as a symbol of achievement, like gold medals in sports. This shows how commodities can represent both economic and cultural values, impacting societies across time.