Commodity: meaning, definitions and examples
๐ฐ
commodity
[ kษหmษdษชti ]
economics
A commodity is a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| commodity |
This term is frequently used in economics and trade to refer to raw materials or primary agricultural products that can be bought and sold, such as oil, coffee, or cotton. It is commonly used in the contexts of market analysis and discussions about economies.
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| product |
This word is used to refer to anything produced either through manufacturing or through natural processes. It is commonly used in business, marketing, and sales to denote something that is created and offered to consumers.
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| good |
This word is used to refer to any kind of merchandise or product that satisfies human wants and needs. It is a broad term that can be applied in retail, economics, and general discussions about consumer items.
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| item |
This term is used in more everyday, casual situations to refer to individual objects or units, especially within a list or collection. It is often used in shopping, inventory, and general communication.
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Examples of usage
- Oil is the most traded commodity in the world.
- The price of commodities can fluctuate based on supply and demand.
- Commodities are often traded on exchanges like the stock market.
general
A commodity can also refer to something of value or usefulness that can be bought or sold.
Synonyms
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| commodity |
Refers to raw materials or primary agricultural products that can be bought and sold, typically on the stock market.
|
| asset |
Denotes any resource owned by an individual or company that is expected to provide future benefits or value.
|
| possession |
Implies personal ownership of an item, often with an emotional or practical value.
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Examples of usage
- Education is often seen as a commodity.
- In today's society, time has become a valuable commodity.
Translations
Translations of the word "commodity" in other languages:
๐ต๐น mercadoria
๐ฎ๐ณ เคตเคธเฅเคคเฅ
๐ฉ๐ช Ware
๐ฎ๐ฉ komoditas
๐บ๐ฆ ัะพะฒะฐั
๐ต๐ฑ towar
๐ฏ๐ต ๅๅ
๐ซ๐ท marchandise
๐ช๐ธ mercancรญa
๐น๐ท emtia
๐ฐ๐ท ์ํ
๐ธ๐ฆ ุณูุนุฉ
๐จ๐ฟ komodita
๐ธ๐ฐ komodita
๐จ๐ณ ๅๅ
๐ธ๐ฎ blago
๐ฎ๐ธ vรถrur
๐ฐ๐ฟ ัะฐัะฐั
๐ฌ๐ช แกแแฅแแแแแ
๐ฆ๐ฟ ษmtiษ
๐ฒ๐ฝ mercancรญa
Etymology
The word 'commodity' originated in the 15th century from the Middle French word 'commoditรฉ', meaning 'convenience' or 'benefit'. It later evolved to refer to goods that could be traded for profit. The concept of commodities has played a significant role in economics and trade throughout history, shaping markets and influencing global commerce.