FluentPlex

commodity

/kəˈmɑdəti/ noun C2
  1. Anything movable (a good) that is bought and sold. (countable, uncountable)
  2. Something useful or valuable. (countable, uncountable)
  3. Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges. (countable, uncountable) · The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
  4. Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible. (countable, uncountable) · Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
  5. Anything which has both a use value and an exchange value. (countable, uncountable)

Plural commodities

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Words, meanings, pronunciations and translations from Wiktionary (CC BY-SA 4.0); how common each word is from wordfreq. Made into this dictionary by FluentPlex.