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Commodity Common

Commodity has 2 different meanings across 1 category:

Noun

Definitions
Noun
1

articles of commerce

"The factory produced thousands of commodities, including textiles and electronics, for export around the world."

2

Anything movable (a good) that is bought and sold.

"The wheat harvest became a valuable commodity in the global market."

In plain English: A commodity is something that can be bought and sold easily because many people have it, like oil or wheat.

"The price of this basic commodity has gone up again."

Usage: Use commodity to refer specifically to raw materials or basic goods like oil, wheat, or metals that are traded in bulk markets. Avoid using it interchangeably with "product," which typically describes finished items made by a specific manufacturer for retail sale.

Example Sentences
"The price of this basic commodity has gone up again." noun
"The price of oil dropped significantly after the new supply was discovered." noun
"Fresh produce is often sold as a local commodity at farmers markets." noun
"Gold remains one of the most sought-after commodities during times of economic uncertainty." noun
Related Terms
Broader Terms (hypernyms)
artifact
Narrower Terms (hyponyms)
basic consumer goods drygoods entrant export fancy goods fungible future import merchandise middling shopping sporting goods worldly possession salvage

Origin

The word entered English through the French as a borrowing of the Latin term commoditas. Originally meaning "convenience" or "advantage," it eventually came to refer to goods available for trade.

Rhyming Words
ity pity mity city ality arity ility acity deity whity asity icity unity hoity laity amity osity inity egoity vomity
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