Commodity

Quick meaning: Commodity is a noun meaning (business) Anything movable (a good) that is bought and sold.

Meaning

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

More Meanings

1. Something useful or valuable.
2. (economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
3. (Marxism) Anything which has both a use value and an exchange value.
4. (marketing) Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.
5. (obsolete) Convenience; usefulness, suitability.
6. (obsolete) Self-interest; personal convenience or advantage.

Example Sentences

Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.

Referring to the work of Bourdieu, Zukin (2004,38) notes that shopping is much more than the purchase of commodities.

The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.

If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity.

Word Forms

• commodities
• commoditie

Synonyms for commodity

Depending on context, synonyms include goods.

Related Words

Related dictionary entries include goods, product, trade, wares, supplies, output.

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