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- DictionaryCom·mod·i·ty/kəˈmädədē/
noun
- 1. a raw material or primary agricultural product that can be bought and sold, such as copper or coffee: "commodities such as copper and coffee"
noun. , plural com·mod·i·ties. an article of trade or commerce, especially a product as distinguished from a service. something of use, advantage, or value. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. Obsolete. a quantity of goods. commodity. / kəˈmɒdɪtɪ /.
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. [1] [2] [3]
A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities. The word commodity is usually used in an economic context, as in importing commodities from other countries or trading in the stocks and commodities markets. You probably wouldn't say something like ...
commodity. noun. /kəˈmɒdəti/. /kəˈmɑːdəti/. (plural commodities) (economics) a product or a raw material that can be bought and sold. rice, flour and other basic commodities. a drop in commodity prices. Crude oil is the world's most important commodity.
2 days ago · (kəmɒdɪti ) Word forms: plural commodities. countable noun. A commodity is something that is sold for money. [business] The government increased prices on several basic commodities like bread and meat. Synonyms: goods, produce, stock, products More Synonyms of commodity. Collins COBUILD Advanced Learner’s Dictionary.
Britannica Dictionary definition of COMMODITY. [count] 1. : something that is bought and sold. agricultural commodities like grain and corn. Oil is a commodity in high demand. commodity prices. 2. : something or someone that is useful or valued.
May 28, 2022 · A commodity is a raw material or agricultural product that can be bought and sold in bulk. Learn how to participate in the commodities market.
