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commodity
noun
-
commodity
,
commodities
a
basic
product
or
raw
material
,
such
as
oil
,
wheat
,
or
gold
,
that
is
bought
and
sold
in
large
quantities
and
is
treated
as
interchangeable
with
other
goods
of
the
same
type
•
Oil
is
the
most
traded
commodity
on
the
global
market
.
Oil
is
the
most
traded
commodity
on
the
global
market
.
•
The
price
of
agricultural
commodities
like
corn
and
soybeans
rose
sharply
after
the
drought
.
The
price
of
agricultural
commodities
like
corn
and
soybeans
rose
sharply
after
the
drought
.
Late
Middle
English
from
Anglo-French
commodite
,
from
Latin
commoditas
‘
advantage
,
convenience
’,
from
commodus
‘
convenient
’.
noun
-
commodity
,
commodities
something
useful
,
valuable
,
or
desirable
,
especially
when
it
is
in
limited
supply
•
In
today's
fast-paced
world
,
time
is
a
precious
commodity
.
In
today's
fast-paced
world
,
time
is
a
precious
commodity
.
•
Trust
has
become
a
rare
commodity
in
politics
.
Trust
has
become
a
rare
commodity
in
politics
.
Figurative
use
developed
from
the
original
sense
of
‘
article
of
commerce
’
to
describe
anything
considered
valuable
or
in
demand
.
