commodity

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

Noun[change]

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[change]