Background for commodities

commodities

/kəˈmɒdətiz/ /kəˈmɑdətiz/

Illustration commodities - Image 1

noun

Anything movable (a good) that is bought and sold.

Examples :

"The supermarket sells many commodities, like fruits, vegetables, and bread. "

business economy commerce material item asset finance

Illustration commodities - Image 1

noun

Something useful or valuable.

Examples :

"Clean water and nutritious food are essential commodities for a healthy life. "

economy business finance asset value commerce

Illustration commodities - Image 1

noun

Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

Examples :

"The farmer sold his corn and wheat as commodities on the global market. "

business economy agriculture commerce material

Illustration commodities - Image 1

noun

Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

Examples :

"Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity."

business economy commerce finance

Illustration commodities - Image 1

noun

Anything which has both a use-value and an exchange-value.

Examples :

"The supermarket sells various commodities, like fruits, vegetables, and cleaning supplies, which people buy because they need them and are willing to pay for them. "

economy business commerce value asset item

Illustration commodities - Image 1

noun

Convenience; usefulness, suitability.

Examples :

"The office building offered many commodities, such as a cafeteria and a gym, to improve employee satisfaction. "

business economy asset value item

Illustration commodities - Image 1

noun

Self-interest; personal convenience or advantage.

Examples :

"He often put his own commodities above the needs of the team, which made him a difficult coworker. "

business economy finance asset value