commodity
noun /kəˈmɒdəti/
/kəˈmɑːdəti/
(plural commodities)
- rice, flour and other basic commodities
- a drop in commodity prices
- Crude oil is the world's most important commodity.
- basic agricultural commodities
Synonyms productproductTopics Businessc1, Moneyc1- goods
- commodity
- merchandise
- produce
- product a thing that is produced or grown, usually to be sold:
- to create/develop/launch a new product
- goods things that are produced to be sold:
- cotton/leather goods
- electrical goods
- commodity (economics) a product or raw material that can be bought and sold, especially between countries:
- rice, flour and other basic commodities
- merchandise [U] goods that are bought or sold; things that you can buy that are connected with or advertise a particular event or organization:
- official Olympic merchandise
- produce [U] things that have been grown or made, especially things connected with farming:
- We sell only fresh local produce.
- consumer/industrial products/goods/commodities
- household products/goods
- farm products/produce
- luxury products/goods/commodities
- to sell/market a product/goods/a commodity/merchandise/produce
- to export a product/goods/a commodity/merchandise
- to buy/purchase a product/goods/a commodity/merchandise/produce
Oxford Collocations Dictionaryadjective- basic
- important
- primary
- …
- produce
- market
- exchange
- futures
- …
- trade in commodities
- Water is a precious commodity that is often taken for granted in the West.
- Time is a very valuable commodity.
Oxford Collocations Dictionaryadjective- hot
- precious
- valuable
- …
Word Originlate Middle English: from Old French commodite or Latin commoditas, from commodus ‘convenient’.