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  1. 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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    • Encyclopedia

      The production of goods as commodities became the universal...

  2. 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.

  3. com•mod•i•ty. (kəˈmɒd ɪ ti) n., pl. -ties. 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.

  4. 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…

  5. 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.

  6. Commodity definition: an article of trade or commerce, especially a product as distinguished from a service.. See examples of COMMODITY used in a sentence.

  7. 14 Ιουν 2024 · commodity (countable and uncountable, plural commodities) Anything movable (a good) that is bought and sold. [from 15th c.]

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