1. material traded on international markets, a useful resource






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water/grain/sugar are valuable commodities

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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. 

Check Icon Professional Examples (Basic)

  1. The company specializes in recycling waste and turning it into a useful commodity.
  2. Water and Grain are probably the most valuable commodities on the global market. We will always need them.
  3. The Commodities Market deals with trading in wheat, sugar, coffee, and cocoa.

Check Icon Social Examples (Basic)

  1. I joined a group which allows me to buy everyday commodities in bulk at a wholesale price.
  2. Investing in commodities such as gold can be a wise decision if the value of money is expected to plummet.

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