WikiWord

commodities

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/kəˈmɒdətiz/ English

Definitions

noun

  1. Anything movable (a good) that is bought and sold.
  2. Something useful or valuable.
  3. Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.“The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.”
  4. Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.“Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.”

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