commodity
/kəˈmɑdəti/ noun C2- Anything movable (a good) that is bought and sold.
- Something useful or valuable.
- 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.
- 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.
- Anything which has both a use value and an exchange value.
Plural commodities
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