Raw Materials

Definition

Raw materials are natural resources that are used to produce goods. They are unprocessed substances that can be transformed into finished products.

Related terms

Natural Resources: Natural resources refer to any material or substance that occurs naturally in the environment and is valuable for economic use.

Commodities: Commodities are raw materials or primary agricultural products that can be bought and sold on the market.

Exports: Exports are goods or services produced domestically within a country and sold to other countries.