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- Dictionarycommodity/kəˈmɒdɪti/
noun
- 1. a raw material or primary agricultural product that can be bought and sold, such as copper or coffee: "commodities such as copper and coffee"
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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.
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… See the full definition
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. [1][2][3]
Jun 27, 2024 · Commodities are raw materials used to manufacture consumer products. They are inputs in the production of other goods and services, rather than finished goods sold to consumers. In...
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.
Definition of 'commodity' commodity. (kəmɒdɪti ) Word forms: commodities. countable noun. A commodity is something that is sold for money. [business] The government increased prices on several basic commodities like bread and meat. Synonyms: goods, produce, stock, products More Synonyms of commodity. Collins COBUILD Advanced Learner’s Dictionary.
Commodity definition: an article of trade or commerce, especially a product as distinguished from a service.. See examples of COMMODITY used in a sentence.
COMMODITY definition: a product that you can buy or sell. Learn more.
A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities.
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.
