commodity

IPA: kʌmˈɑdʌti

noun

  • (business) Anything movable (a good) that is bought and sold.
  • Something useful or valuable.
  • (economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
  • (marketing) Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
  • (Marxism) Anything which has both a use value and an exchange value.
  • (obsolete) Convenience; usefulness, suitability.
  • (obsolete) Self-interest; personal convenience or advantage.
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Examples of "commodity" in Sentences

    No Sentences Found for commodity

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