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a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.: One big commodity that Canada exports is oil. Higher commodities prices boosted first-quarter profits. agricultural commodities.
- Diamonds
DIAMOND definition: 1. a transparent, extremely hard...
- English (US)
COMMODITY meaning: 1. a substance or product that can be...
- Commodity: Thai Translation
COMMODITY translate: สินค้า. Learn more in the Cambridge...
- Diamonds
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. basic agricultural commodities.
The meaning of COMMODITY is an economic good. How to use commodity in a sentence. an economic good: such as; a product of agriculture or mining; an article of commerce especially when delivered for shipment…
27 Ιουν 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 other goods...
commodity in British English. (kəˈmɒdɪtɪ ) noun Word forms: plural -ties. 1. an article of commerce. 2. something of use, advantage, or profit. 3. economics. an exchangeable unit of economic wealth, esp a primary product or raw material.
noun. ( Finance: Investment) A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar. The corporation provided $150 million to finance the exports of various commodities and food goods including cotton and tobacco.
A standardized good, which is traded in bulk and whose units are interchangeable. Commodities are mostly the output of the primary sector, that is, agriculture and mining, or semi-processed products.
