commodity

6 definitions • 10 examples

a substance or product that can be traded, bought, or sold:

The country's most valuable commodities include tin and diamonds.

the international commodities market

a valuable quality:

If you're going into teaching, energy is a necessary commodity.

anything that can be bought and sold:

The goal is to raise the productivity of basic food commodities such as grains.

a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.:

One big commodity that Canada exports is oil.

Higher commodities prices boosted first-quarter profits.

agricultural commodities

a financial product that can be traded:

Returning barren fields to their natural state as wetlands creates a host of "wetland mitigation credits," a commodity the company plans to sell.

a thing or a quality that is useful:

Water is a very scarce commodity in the region.

Fluency in Arabic is a valuable commodity in a job market desperate for Arabic translators.