commodity
Pronunciation: /kəˈmɑdəti/
The English word “commodity” has 7 meanings listed here.
noun
- Anything movable (a good) that is bought and sold.
- Something useful or valuable.
- Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
- Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.
- Anything which has both a use value and an exchange value.
- Convenience; usefulness, suitability.
- Self-interest; personal convenience or advantage.
Etymology
Inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās.
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More English words
- commoditization
- commoditize
- commoditized
- commoditizer
- commodity currency
- commodity diplomacy
- commodity exchange
- commodity fetish
About this dictionary
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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.