noun
- a raw material or primary agricultural product that can be bought and sold
- something useful or valuable
Usage: economics; business
Examples
- Oil is an important commodity in the global market.
- The price of agricultural commodities fluctuates with weather conditions.
- Gold has been traded as a commodity for thousands of years.
- Coffee is one of the world’s most valuable commodities.
- Time is a precious commodity that shouldn’t be wasted.
- In today’s economy, information has become a valuable commodity.
- The commodity exchange handles trading in wheat, corn, and soybeans.