commodity
noun /kəˈmɒdəti/
  /kəˈmɑːdəti/
(plural commodities)
- (economics) a product or a raw material that can be bought and sold
- 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
 
 - (formal) a thing that is useful or has a useful quality
- 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’.