Meaning & use

commodity

noun·Academic

A raw material or primary agricultural product that can be bought, sold, or traded, usually in bulk.

See it in a sentence

Coffee remains one of the most heavily traded commodities on global financial markets.

A sudden drought sent the price of that commodity climbing sharply within weeks.

A note on using this word

Commodity usually refers to a standardized, interchangeable product like oil or wheat, unlike goods, which can describe any manufactured item.

Words with a similar meaning

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