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commodity. ( kəˈmɒdɪtɪ) n, pl -ties. 1. (Economics) an article of commerce. 2. something of use, advantage, or profit. 3. (Economics) economics an exchangeable unit of economic wealth, esp a primary product or raw material. 4. (Economics) a quantity of goods. 5. convenience or expediency.
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The delegation was also informed about the efforts being...
- Legal Dictionary
Commodity: A tangible item that may be bought or sold;...
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Definition of commodity in the Financial Dictionary - by...
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The production of goods as commodities became the universal...
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(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
an economic good: such as; a product of agriculture or mining; an article of commerce especially when delivered for shipment… See the full definition
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...
a substance or product that can be traded, bought, or sold: The country's most valuable commodities include tin and diamonds. the international commodities market. Thesaurus: synonyms, antonyms, and examples. the things you buy. purchase I'm not in a position to make a major purchase like a car. goods There's a sale on home goods this week.
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.
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.
