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- Dictionarycommodity/kəˈmɒdɪti/
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"
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COMMODITY definition: 1. a substance or product that can be traded, bought, or sold: 2. a valuable quality: 3. a…. Learn more.
The meaning of COMMODITY is an economic good. How to use commodity in a sentence.
Commodity definition: an article of trade or commerce, especially a product as distinguished from a service.. See examples of COMMODITY used in a sentence.
Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold.
Jun 27, 2024 · A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of...
(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. basic agricultural commodities. Synonyms product. Topics Business c1, Money c1. Oxford Collocations Dictionary. Definitions on the go.
Commodities widely traded on exchanges around the world are agricultural products and raw materials such as oil and copper. A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar.
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 ...
1. an article of trade or commerce, esp. a product as distinguished from a service. 2. something of use, advantage, or value. 3. any unprocessed or partially processed good, as a grain, fruit or vegetable, or a precious metal. 4. Obs. a quantity of goods.
COMMODITY definition: a product that you can buy or sell. Learn more.
