commodity

UK/kəˈmɒdəti/US/kəˈmɑdəti/

nounC1Common in everyday speech and writing · #6,517 of 15,258leans written

Other forms: commodities

A commodity is a raw material or product traded in bulk. Commodity prices.

One unit is interchangeable with another, which is what makes a global price possible. To say something has become a commodity means it now competes on price alone.

Definitions of commodity

1nouncommodityA raw material or product traded in bulk.C1
“The whole country's income depended on one commodity.”

commodity is a good.

Where it comes from

Latin
commoditās
Anglo-Norman
commoditee
Middle English
commoditee
English, today
commodity

From Middle English commoditee, from Anglo-Norman commoditee, from Latin commoditās.

Etymology from Wiktionary, CC BY-SA

Practise this word

commodity in the wild

Commodity money is money whose value comes from a commodity of which it is made.
Commodity money
While intimately related, commodity money is not to be confused with commodity-backed money.
Commodity money
A financial derivative is a financial instrument whose value is derived from a commodity termed an underlier.
Commodity market
The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets.
Commodity
Other definitions of commodity include something useful or valued and an alternative term for an economic good or service available for purchase in the market.
Commodity

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From Wikipedia, CC BY-SA 4.0. These sentences were written by other people about their own subjects; they are here to show the word at work, not as anybody’s opinion.

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