Commodity

/kəˈmɑdəti/ · noun

Meaning

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

Definitions by Sense

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

Example Sentences

It is with the help of the commodity concept that the mechanism of the market is geared to the various elements of industrial life. Commodities are here empirically defined as objects produced for sale on the market; […]. But labor, land, and money are obviously not commodities; the postulate that anything that is bought and sold must have been produced for sale is emphatically untrue in regard to them.

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

In human geography "commodities" usually refers to goods and services which are bought and sold. The simplest commodities are those produced by the production system just before they are sold.

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

For mineral trains, he adds little other than pointing out the need to expand single-commodity trains and to end the use of mixed-commodity services that required extensive marshalling.

And Slade said: "It really makes me sad that football club chairmen and boards seem to have lost that most precious commodity - patience. "Sam's sacking at Newcastle had, I suppose, been on the cards for a while, but it is really ridiculous to fire a manager after such a short time.

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

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

Synonyms for commodity

Antonyms for commodity

Related Words

Word Forms

• commodities
• commoditie

Usage Notes

Choose a synonym only when it preserves the intended meaning, tone, and grammar of the full sentence.

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