Commodity Definition & Meaning - Merriam-Webster
WebThe meaning of COMMODITY is an economic good. How to use commodity in a sentence. an economic good: such as; a product of agriculture or mining; an article of commerce especially when delivered for shipment…
What Are Commodities and Understanding Their Role in the
WebJan 23, 2024 · Commodities are raw materials used to manufacture consumer products. They are inputs in the production of other goods and services, rather than finished goods sold to consumers. In commerce,...
Commodity - Wikipedia
WebMost commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold .
COMMODITY | English meaning - Cambridge Dictionary
WebC1. a substance or product that can be traded, bought, or sold: The country's most valuable commodities include tin and diamonds. the international commodities market. …
COMMODITY Definition & Meaning | Dictionary.com
Weban article of trade or commerce, especially a product as distinguished from a service. something of use, advantage, or value. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or …
Commodity Market: Definition, Types, Example, and How It Works
WebFeb 23, 2024 · A commodity market is where you can buy and sell goods taken from the earth, from cattle to gold, oil to oranges, and orange juice to wheat. Commodities can be turned into products like baked...
What a Commodity Is and How Its Trading Market Works - The …
WebOct 23, 2021 · By Kimberly Amadeo. Updated on October 23, 2021. Reviewed by. Thomas J. Brock. Photo: Justin Sullivan/Getty Images. Commodities are natural resources like food, energy, and metals. They are traded daily on the markets using futures contracts.
Commodity Definition & Meaning | Britannica Dictionary
Web: something that is bought and sold. agricultural commodities like grain and corn. Oil is a commodity in high demand. commodity prices. 2. : something or someone that is useful or valued. Patience is a rare commodity. an actor who is a hot commodity [=who is very popular] in Hollywood right now.
commodity noun - Definition, pictures, pronunciation and usage …
Web/kəˈmɒdəti/ /kəˈmɑːdəti/ (plural commodities) (economics) a product or a raw material that can be bought and sold. rice, flour and other basic commodities. a drop in commodity prices. Crude oil is the world's most important commodity. basic agricultural commodities. Synonyms product. Topics Business c1, Money c1. Oxford Collocations Dictionary.
Commodity Prices | Commodity Market | Markets Insider
WebGet all information on the commodity market. Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.
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