commodity

CEFRB2

/kəˈmɑdəti/

noun

Türkçe translations

Translating…

In plain English

  1. 01

    noun

    A basic product that can be bought and sold.

  2. 02

    noun

    Extra detail

    Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

Examples

  • Commodity tax is not included in the price.

  • Service economy is a useful labor that does not produce a tangible commodity.

At a glance

Sits at B2 on the CEFR scale

Senses
5
Parts of speech
1
Citations
5

Also pronounced

  • /-ti/
  • /-tɪ/

Deep Dive

noun

Extra meanings

  1. Something useful or valuable.

  2. Anything movable (a good) that is bought and sold.

  3. Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.

More examples

In context

  • Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.

  • The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.

  • If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity.

Quick test

Two questions on this entry. Nothing is scored.

Question 1 · Quick check

Oil is a valuable blank that many countries depend on for energy.

Practise this properly in the app, where the word comes back before you forget it.

Nearby

Origin

noun

Anglo-Norman commoditeebor. Middle English commoditee English commodity Inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās.