commodity

/kə'mɔditi/

Thân thiện

A farmer loads sacks of a valuable commodity onto a truck.

Definition

1. Noun:
   • An article of trade or commerce: A raw material or primary agricultural product that can be bought and sold, especially in large quantities.
   • Something useful or valuable: A useful or valuable thing, quality, or service.

Examples of Usage

• Noun:
  • Oil is a globally traded commodity.
  • Clean water is a precious commodity in many parts of the world.
  • The company's main commodities are wheat and corn.

Advanced Usage

• Commodity as an abstract concept: Can refer to a personal quality treated as a thing to be bought, sold, or traded.

  • In the modern job market, specialized skills have become a valuable commodity.

• "Commodity market": The organized trading of primary products.

  • He works as a trader on the commodity market.

Variants and Related Words

• Commoditize (verb): To turn something into a commodity, making it interchangeable with other products of the same type.

  • Technology has commoditized many consumer goods.

• Commodification (noun): The process of treating something as a mere commodity.

  • There is concern about the commodification of art.

Synonyms

• Good
• Product
• Merchandise
• Asset

Related Phrases

• Staple commodity: A basic and essential good.

  • Rice is a staple commodity in many Asian countries.

• Commodity price: The market price of a raw material.

  • Fluctuations in commodity prices affect the economy.

Học thuật

Noun

1. articles of commerce

Từ đồng nghĩa

• trade good
• good