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commodity

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

Definition of commodity in English:

noun (plural commodities)

1A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
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.
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).

Words that rhyme with commodity

oddity

Definition of commodity in:

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