commodity

commodity is part of the Academic Word List. It is important for students in college and university.

Noun

Singular commodity

Plural commodities

1. (countable) A commodity is something that is bought or sold.

   The price of corn and other farming commodities has dropped by 10%.

   There have been big changes in commodity prices and exchange rates over the past decade.

   Margaret had regarded her body as a tradeable commodity.

2. (countable) A commodity is a valuable quality or thing.

   Hope may become a very rare commodity.

Synonyms

• good