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Plural
commodities
1
(economics) an unprocessed material that can be traded in different exchanges or marketplaces
- Oil has long been a highly valued commodity on the global market, influencing economies and politics.
- Due to the increasing health consciousness, organic produce has grown in demand as a commodity in supermarkets.
- Agricultural commodities such as wheat, corn, and soybeans are subject to fluctuations in price based on factors like weather conditions and supply and demand.
- The trading of commodities plays a crucial role in the global economy, facilitating the exchange of raw materials between producers and consumers.
- Investors often include commodities in their portfolios as a hedge against inflation and market volatility.
Synonyms:
2
an item, trait, or resource that holds practical worth
- In today's job market, adaptability is a valuable commodity.
- Time has become a scarce commodity in our fast-paced lives.
- Her creativity is a rare commodity in the corporate world.
- Trust is a vital commodity in any relationship.
- During the blackout, candles became a hot commodity.