Raw Materials

Raw Materials refers to materials or substances used in the primary production or manufacturing of a good.

Raw Materials

Raw Materials refers to materials or substances used in the primary production or manufacturing of a good.

 


Interpretation of Raw Materials

Raw materials are often natural resources such as oil, iron and wood. Before being used in the manufacturing process raw materials often are altered to be used in different processes. Raw materials are often referred to as commodities, which are bought and sold on commodities exchanges around the world.


Related Terms