Definition of commodity in English:

commodity

Syllabification: com·mod·i·ty
Pronunciation: /kəˈmäditē
 
/

noun (plural commodities)

  • 1A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
    More example sentences
    • Exports of primary commodities and the import of finished products are not favourable for any country.
    • What the seller wants ultimately to receive in exchange for the commodities sold is other commodities.
    • Now you can see the plan is to diversify the economy and not only depend on the production of primary commodities.
    Synonyms
    item, material, product, article, object; import, export
  • 1.1A useful or valuable thing, such as water or time.
    More example sentences
    • His time is a valuable commodity, and when reporters are denied it, they can become annoyed.
    • We need more flexibility in the system, as time with patients is a valuable commodity.
    • Skilled consultants and business advisers can be very valuable commodities in the right hands.

Origin

late Middle English: from Old French commodite or Latin commoditas, from commodus (see commodious).

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