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commodity

The correct spelling is commodity.

How to pronounce commodity

noun

IPA: /kəˈmɒdəti/

Say it like: Com-mod-itee

The correct spelling is commodity. Anything movable (a good) that is bought and sold. For example: "The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges."

Usage Examples

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

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

Definition

noun

  1. 1.Anything movable (a good) that is bought and sold.
  2. 2.Something useful or valuable.
  3. 3.Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
  4. 4.Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
  5. 5.Anything which has both a use-value and an exchange-value.

Similar words

Words related in meaning — check their spelling too.

View synonyms & usage examples