Share This Article:

Economic Definition of raw materials. Defined.

Offline Version: PDF

Term raw materials Definition: The stuff used in the production of tangible products that become the tangible products. Raw materials, also shorted to just materials, are part of the land category of scarce resources. Space is also part of the land resource category. Another term that works as a synonym for materials is natural resources. Perhaps it's obvious that without materials, there would be no tangible products.


« rationing | real »


Alphabetical Reference to Over 2,000 Economic Terms