noun Download 🔗Share Anything movable (a good) that is bought and sold. Examples : "Wheat is a valuable commodity, traded globally for food production. " business economy commerce ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share Something useful or valuable. Examples : "Fresh fruit is a valuable commodity in the summer. " business economy commerce item value asset ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges. Examples : "Coffee beans are a valuable commodity, traded extensively on international markets. " business economy commerce agriculture material ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share 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." economy business commerce finance industry asset material ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share Anything which has both a use-value and an exchange-value. Examples : "Water is a commodity that is essential for life, but its use-value (drinking, cooking) is separate from its exchange-value (the price you pay for it). " economy business value asset item commerce ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share Convenience; usefulness, suitability. Examples : "The new, spacious kitchen is a commodity for our family; it's so useful for preparing meals together. " utility business economy value ielts toefl Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share Self-interest; personal convenience or advantage. Examples : "His commodity was getting a good grade, so he studied hard for the exam. " business economy asset value ielts toefl Chat with AIVocabulary GamePractice Reading