commodity

C2
Pronunciation
/kəˈmɒdəti/
/kəˈmɑdəti/
Noun
7 definition(s)
1 Definition

Anything movable (a good) that is bought and sold.

2 Definition

Something useful or valuable.

3 Definition

Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

Example Sentences
  • The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
4 Definition

Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

Example Sentences
  • Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
5 Definition

Anything which has both a use-value and an exchange-value.

6 Definition

Convenience; usefulness, suitability.

7 Definition

Self-interest; personal convenience or advantage.