noun “commodity”
singular commodity, plural commodities or uncountable
- an item that can be moved and is regularly bought and sold
Sign up to see the translation of definitions and examples into any language.
Water bottles have become a highly traded commodity in the hot summer months.
- an object or resource that is useful or holds value
In the digital age, data has become a valuable commodity for businesses.
- items such as raw materials or agricultural products that are traded in large quantities on special markets
Wheat is a key commodity that is traded on the global market, affecting food prices worldwide.