Commodity

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British pronunciation/kəmˈɒdɪti/
American pronunciation/kəˈmɑdəti/
Commodity
01

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

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02

something that is considered to be useful or valuable

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Example
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Due to the increasing health consciousness, organic produce has grown in demand as a commodity in supermarkets.
Oil has long been a highly valued commodity on the global market, influencing economies and politics.
The freighter's crew diligently laded various commodities.
Global events can run up the price of commodities.
The trader specializes in commodities trading, focusing on oil and agricultural products.
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Definition & Meaning of "Commodity"
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