commodity

noun
UK: /kəˈmɒd.ə.ti/
US: /kəˈmɑː.də.ti/

  1. A raw material or primary agricultural product that can be bought and sold, such as coffee or grain.

    1. Wheat is an important commodity that is traded internationally.
    2. The country's main commodities are agricultural products such as grain and coffee.

  2. Something that is useful or valued, especially in economic terms.

    1. Time is a valuable commodity, so use it wisely.
    2. In the modern information age, data has become a highly sought-after commodity.

  3. An article of trade or commerce, especially a product as distinguished from a service.

    1. Oil is a crucial commodity for many countries around the world.
    2. The price of this commodity is subject to fluctuations based on market demand.

Synonyms

article resource material asset product

Frequently Asked Questions

The word "commodity" in English means: A raw material or primary agricultural product that can be bought and sold, such as coffee or grain., Something that is useful or valued, especially in economic terms., An article of trade or commerce, especially a product as distinguished from a service..

The phonetic transcription of "commodity" is /kəˈmɒd.ə.ti/ in British English and /kəˈmɑː.də.ti/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "commodity": article, resource, material, asset, product.

Example usage of "commodity": "Wheat is an important commodity that is traded internationally.". More examples on the page.