C1noun5K

UK/["/kəˈmɒdəti/"]/US/["/kəˈmɑːdəti/"]/

Meaning of Commodity

a product or a raw material that can be bought and sold

In simple words: A product or raw material that can be bought and sold.

Commodity in a sentence

  • rice, flour and other basic commodities
  • a drop in commodity prices
  • Crude oil is the world's most important commodity.
  • basic agricultural commodities
  • Water is a precious commodity that is often taken for granted in the West.
  • Time is a very valuable commodity.

How to use Commodity

Used in economics and trade contexts. More formal than 'product' and usually discusses things like oil, gold, or agricultural products. Avoid using in casual conversations.

Grammar pattern

commodity + noun

Memory hint

Think of 'common' in 'commodity' — these are common goods everyone trades.

Related words

Collocations with Commodity

Synonyms for Commodity

Opposites of Commodity

Common mistakes with Commodity

  • Confused with 'community' or 'commode'.
  • Using it to describe services rather than goods.
  • Incorrectly pluralizing to 'commoditieses'.

Compare Commodity with Good, Product, Article, Asset, Item

Commodity appears in

Commodity in other languages

More words like Commodity

People also search for

  • Commodity meaning
  • meaning of Commodity
  • Commodity definition
  • define Commodity
  • what does Commodity mean
  • Commodity means
  • how to use Commodity

Frequently asked questions about Commodity

What does Commodity mean?

A product or raw material that can be bought and sold.

What is the definition of Commodity?

a product or a raw material that can be bought and sold

How do you use Commodity in a sentence?

rice, flour and other basic commodities

Can you give another example of Commodity?

a drop in commodity prices

What are synonyms for Commodity?

Common alternatives include good, product, article, asset, item.

What is the opposite of Commodity?

Opposite meanings include luxury, nonessential.

What words go with Commodity?

It commonly pairs with basic, important, primary, produce, market, exchange, futures, trade in commodities, hot, precious, valuable.

What are common mistakes when using Commodity?

Confused with 'community' or 'commode'. Using it to describe services rather than goods. Incorrectly pluralizing to 'commoditieses'.

How do you pronounce Commodity?

US: /["/kəˈmɑːdəti/"]/, UK: /["/kəˈmɒdəti/"]/. Listen to the audio above to hear native pronunciation.

When should I use Commodity?

Used in economics and trade contexts. More formal than 'product' and usually discusses things like oil, gold, or agricultural products. Avoid using in casual conversations.

What CEFR level is Commodity?

"Commodity" is at C1 level on the CEFR scale.