Meaning of the word commodity in English

What does commodity mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

commodity

US /kəˈmɑː.də.t̬i/

UK /kəˈmɑː.də.t̬i/

a raw material or primary agricultural product that can be bought and sold, such as copper or coffee

Example:

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Oil is a valuable commodity in the global market.

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Agricultural commodities like wheat and corn are essential for food security.

Synonym:

goods product article material staple

a useful or valuable thing, such as water or time

Example:

•

Time is a precious commodity that should not be wasted.

•

Clean water is becoming a scarce commodity in many regions.

Synonym:

asset resource item possession advantage

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