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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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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.
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
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...
A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities.
Commodity definition: an article of trade or commerce, especially a product as distinguished from a service.. See examples of COMMODITY used in a sentence.
/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.
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.
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.
