Definition of commodity in English:

commodity

Line breaks: com¦mod|ity
Pronunciation: /kəˈmɒdɪti
 
/

noun (plural commodities)

1A raw material or primary agricultural product that can be bought and sold, such as copper or coffee: commodities such as copper and coffee [as modifier]: a commodities broker commodity markets
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, type of produce, product, article, object, thing, artefact, piece of merchandise; import, export
1.1A useful or valuable thing: water is a precious commodity
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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