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Definition of commodity
commodities
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
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
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 : one that is subject to ready exchange or exploitation within a market … stars as individuals and as commodities of the film industry. — Film Quarterly
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Examples of commodity in a Sentence
agricultural commodities like grain and corn
Oil is a commodity in high demand.
Patience is a rare commodity.
Recent Examples of commodity from the Web
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High costs, low commodity prices, labour strife and falling productivity have all taken their toll.
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Cities and countries are written up as commodities and investment opportunities rather than real places with intractable problems that require more than a subsidy to resolve.
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Cities and countries are written up as commodities and investment opportunities rather than real places with intractable problems that require more than a subsidy to resolve.
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And like any valuable commodity, it can be won or lost.
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For upstart managers looking for young pitchers, Willie's golden arm was a rare commodity.
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ThunderBolts pitchers are suddenly a hot commodity among major league organizations.
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On the bill's chopping block is the Volcker rule, named after former Federal Reserve Chairman Paul Volcker, which insists that banks refrain from using a bank's money to back riskier investments like derivatives, commodity futures and options.
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The time spent together is so important and being able to share these moments become the most precious commodity a father can give his kids.
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
Other Business Terms
COMMODITY Defined for English Language Learners
commodity
playDefinition of commodity for English Language Learners
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: something that is bought and sold
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: something or someone that is useful or valued
COMMODITY Defined for Kids
commodity
playDefinition of commodity for Students
commodities
: something produced by agriculture, mining, or manufacture
Law Dictionary
commodity
playLegal Definition of commodity
commodities
: a class of economic goods; especially : an item of merchandise (as soybeans) whose price is the basis of futures trading
Learn More about commodity
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Thesaurus: All synonyms and antonyms for commodity Spanish Central: Translation of commodity Nglish: Translation of commodity for Spanish speakers Britannica English: Translation of commodity for Arabic speakers Britannica.com: Encyclopedia article about commodity
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