commodity
co
mmo
ˈmɑ
maa
di
ty
ti
ti
British pronunciation
/kəˈmɒdəti/

Definition & Meaning of "commodity"in English

Commodity
01

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

Wiki
example
Examples
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.
02

an item, trait, or resource that holds practical worth

example
Examples
In today 's job market, adaptability is a valuable commodity.
Time has become a scarce commodity in our fast-paced lives.
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