plural commodities
1
: something that is bought and sold
agricultural commodities like grain and corn
Oil is a commodity in high demand.
commodity prices
2
: something or someone that is useful or valued
Patience is a rare commodity.
an actor who is a hot commodity [=who is very popular] in Hollywood right now
Cite this Entry
“Commodity.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/commodity. Accessed 15 Apr. 2026.
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