Commodity (noun) Definition, Meaning & Examples

noun, plural com·mod·i·ties.
  1. an article of trade or commerce, especially a product as distinguished from a service.
  2. something of use, advantage, or value.
  3. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals.
  4. a quantity of goods.
noun plural -ties
  1. an article of commerce
  2. something of use, advantage, or profit
  3. an exchangeable unit of economic wealth, esp a primary product or raw material
  4. obsolete
    • a quantity of goods
    • convenience or expediency
Commodity (noun) Definition, Meaning & Examples

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