commodity
Pronunciation
/kəˈmɑdəti/

Definition & Meaning of "commodity"in English

Commodity
01

(economics) an unprocessed material that can be traded in different exchanges or marketplaces

Grammatical Information
Animacy status
Inanimate
Composition
Compound
Countable
Plural form
commodities
Examples
Oil has long been a highly valued commodity on the global market, influencing economies and politics.
02

an item, trait, or resource that holds practical worth

Examples
In today 's job market, adaptability is a valuable commodity.
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