EGAVE

commodity

Academic Word List, sublist 8.

About 10.15 uses per million words.

Meaning

  1. noun Anything movable (a good) that is bought and sold. .mw-parser-output .defdate{font-size:smaller}
  2. noun Something useful or valuable.
  3. noun Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
    The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
  4. noun Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.
    Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
  5. noun Anything which has both a use value and an exchange value.
  6. noun Convenience; usefulness, suitability.
  7. noun Self-interest; personal convenience or advantage.

Similar words

goods product trade wares supplies output producer merchandise stock-in-trade commercialization

Often followed by

prices is in and production to exchange or markets

Word family

commodities

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