Commodity
/ˈkɒm.ə.dɪ.ti/
EN
A raw material or primary agricultural product that can be bought and sold, or any goods that are exchanged for commerce. More broadly, any useful or valuable thing.
Crude oil is one of the world's most traded commodities.
Etymology
Commodity entered English in the 15th century from the French 'commodité', which derived from Latin 'commoditas', meaning 'convenience, advantage, suitability'. The economic sense of 'a tradeable good' developed in the 17th century.
Translations
Collocations
commodity pricecommodity tradingagricultural commodityraw commodityglobal commoditycommodity market
Synonyms
Antonyms
specialty goodcustom product
Related Words
tradeexportimportfuturesresourceagriculture