Search results
- 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"
Powered by Oxford Dictionaries
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.
: something useful or valued. that valuable commodity, patience. also : thing, entity. b. : convenience, advantage.
Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold.
5 days ago · 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...
/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. Synonyms product. Topics Business c1, Money c1. Oxford Collocations 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.
A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities.
Commodities widely traded on exchanges around the world are agricultural products and raw materials such as oil and copper. A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar.
COMMODITY definition: a product that you can buy or sell. Learn more.
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. Obs. a quantity of goods.
