Commodity
volume
British pronunciation/kəmˈɒdɪti/
American pronunciation/kəˈmɑdəti/

Definitie & Betekenis van "commodity"

01

goederen, grondstof

(economics) an unprocessed material that can be traded in different exchanges or marketplaces
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example
Example
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Oil has long been a highly valued commodity on the global market, influencing economies and politics.
Due to the increasing health consciousness, organic produce has grown in demand as a commodity in supermarkets.
Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
02

goederen, product

something that is considered to be useful or valuable
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