commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Definition of commodity

plural

commodities

  1. 1 :  an economic good: such asa :  a product of agriculture or mining agricultural commodities like grain and cornb :  an article of commerce especially when delivered for shipment reported the damaged commodities to officialsc :  a mass-produced unspecialized product commodity chemicals commodity memory chips

  2. 2a :  something useful or valued that valuable commodity, patience; also :  thing, entityb :  convenience, advantage … the many commodities incidental to the life of a public office … — Charles Lamb

  3. 3 obsolete :  quantity, lot

  4. 4 :  a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price

  5. 5 :  one that is subject to ready exchange or exploitation within a market … stars as individuals and as commodities of the film industry. — Film Quarterly

Examples of commodity in a Sentence

  1. agricultural commodities like grain and corn

  2. Oil is a commodity in high demand.

  3. Patience is a rare commodity.

Recent Examples of commodity from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'commodity'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Origin and Etymology of commodity

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



COMMODITY Defined for English Language Learners

commodity

play
noun

Definition of commodity for English Language Learners

  • : something that is bought and sold

  • : something or someone that is useful or valued


COMMODITY Defined for Kids

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Definition of commodity for Students

plural

commodities

  1. :  something produced by agriculture, mining, or manufacture


Law Dictionary

commodity

play
noun com·mod·i·ty \kə-ˈmä-də-tē\

Legal Definition of commodity

plural

commodities

  1. :  a class of economic goods; especially :  an item of merchandise (as soybeans) whose price is the basis of futures trading



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