Commodities: meaning, definitions and examples

Used to describe raw materials or primary agricultural products that can be bought and sold, such as gold, oil, or coffee. Often used in economic and trading contexts.

• Gold and silver are considered valuable commodities
• The global market for agricultural commodities fluctuates frequently

A general term for items that are produced for sale, which can include raw materials, manufactured items, and everything in between. Typically used in both everyday language and business.

• The store sells a variety of goods, including clothing and electronics
• They imported a large shipment of goods from China

Refers to items that are manufactured or refined for sale. It emphasizes the end result of a production process and is frequently used in marketing and business.

• The company launched a range of new products this year
• They are known for their high-quality skincare products

Often refers to products that are available for sale, especially in a retail context. It can also have a slightly commercial or promotional connotation.

• The new merchandise is displayed at the front of the store
• He bought some official merchandise from his favorite band

This term is typically used in an economic or trading context to refer to basic goods that are interchangeable with other goods of the same type, like oil, grain, or metals.

• The prices of commodities like wheat and oil fluctuate daily.
• She invests in commodities because they are essential in trade.

This term is used in financial or business settings to refer to anything valuable owned by a person or entity, such as cash, property, or intellectual property.

• The company's assets include real estate and machinery.
• Her financial advisor suggested diversifying her assets.

This term is often used more broadly to refer to something that can be used to support or achieve a goal, including natural, human, or financial elements.

• Natural resources like water and minerals are essential for development.
• Educational resources for teachers are now available online.

This term is mostly used in everyday context to refer to personal items of great worth, such as jewelry, cash, or collectibles. It often carries a connotation of personal value and can sometimes imply a need to protect these items.

• He keeps his valuables in a safe deposit box.
• Tourists are advised to keep their valuables secure.