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  1. 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.

  2. 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.

  3. 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…

  4. 1.1 DEFINITION. A commodity is a basic good used in commerce and/or in the production of manufactured goods. It is usually interchangeable with other goods or for money. Commodities are most often used as inputs in the production of other semi-finished or finished goods.

  5. There are 17 meanings listed in OED's entry for the noun commodity, 14 of which are labelled obsolete. See ‘Meaning & use’ for definitions, usage, and quotation evidence.

  6. A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities.

  7. an article of trade or commerce, especially a product as distinguished from a service. something of use, advantage, or value. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. Obsolete. a quantity of goods.

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