commodity

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Commodity

commodity is on the Academic Word List.

Pronunciation

• (US) IPA ^(key): /kəˈmɑdəti/
• (UK) IPA ^(key): /kəˈmɒdəti/

• Audio (UK)

  (file)

Noun

Singular commodity

Plural commodities

1. (countable) A commodity is something that is bought or sold.

   The price of corn and other farming commodities has dropped by 10%.

   There have been big changes in commodity prices and exchange rates over the past decade.

   Margaret had regarded her body as a tradeable commodity.

2. (countable) A commodity is a valuable quality or thing.

   Hope may become a very rare commodity.

Synonyms

• good