Commodity Definition & Meaning | Britannica Dictionary (original) (raw)

commodity

/kəˈmɑːdəti/

noun

plural

commodities

commodity

/kəˈmɑːdəti/

noun

plural

commodities

Britannica Dictionary definition of COMMODITY

[count]

1

:

something that is bought and sold

• agricultural commodities like grain and corn
• Oil is a commodity in high demand.
• commodity prices

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2

:

something or someone that is useful or valued

• Patience is a rare commodity.
• an actor who is a hot commodity [=who is very popular] in Hollywood right now

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