commodity
Meaning(s)
1. material traded on international markets, a useful resource
Popularity
High
Professional
High
Social
How to Memorize
water/grain/sugar are valuable commodities
Analysis
A commodity is any good or object which can be traded or sold. A commodity retains its value regardless of who produces it. Usually, a commodity refers to raw or base materials.
Professional Examples (Basic)
- The company specializes in recycling waste and turning it into a useful commodity.
- Water and Grain are probably the most valuable commodities on the global market. We will always need them.
- The Commodities Market deals with trading in wheat, sugar, coffee, and cocoa.
Social Examples (Basic)
- I joined a group which allows me to buy everyday commodities in bulk at a wholesale price.
- Investing in commodities such as gold can be a wise decision if the value of money is expected to plummet.