Main Entry:

com·mod·i·ty

Pronunciation:

\kə-ˈmä-də-tē\

Function:

noun

Inflected Form(s):

plural com·mod·i·ties

Etymology:

Middle English commoditee, from Anglo-French commoditee, from Latin commoditat-, commoditas, from commodus

Date:

15th century

1: an economic good: as a: a product of agriculture or mining b: an article of commerce especially when delivered for shipment <commodities futures> c: a mass-produced unspecialized product <commodity chemicals> <commodity memory chips> 2 a: something useful or valued <that valuable commodity patience> ; also : thing, entity b: convenience, advantage3obsolete : quantity, lot4: a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price5: one that is subject to ready exchange or exploitation within a market <stars as individuals and as commodities of the film industry — Film Quarterly>