説明中心

commodity

[kəˈmɒdəti]

commodity Definition

  • 1a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
  • 2a useful or valuable thing, such as water or time.

Using commodity: Examples

Take a moment to familiarize yourself with how "commodity" can be used in various situations through the following examples!

  • Example

    Oil is the world's most important commodity.

  • Example

    The price of commodities like wheat and corn has risen sharply.

  • Example

    Time is a precious commodity.

  • Example

    Clean water is a basic commodity that should be available to everyone.

commodity Synonyms and Antonyms

Synonyms for commodity

Antonyms for commodity

Phrases with commodity

  • a physical or virtual marketplace for buying, selling, and trading raw or primary products

    Example

    The commodity market for gold is very active.

  • commodity fetishism

    the social phenomenon of ascribing value to commodities beyond their inherent use value, often leading to consumerism and overconsumption

    Example

    Commodity fetishism is a key concept in Marxist theory.

  • a type of currency whose value comes from a commodity of which it is made, such as gold or silver

    Example

    Historically, many societies used commodity money.

Origins of commodity

from Latin 'commodus', meaning 'convenient'

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Summary: commodity in Brief

A 'commodity' [kəˈmɒdəti] is a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. It can also refer to a useful or valuable thing, such as water or time. The term is often used in the context of economics and finance, exemplified by 'Oil is the world's most important commodity.' 'Commodity' extends into phrases like 'commodity market,' and concepts like 'commodity fetishism,' denoting the social phenomenon of ascribing value to commodities beyond their inherent use value.

How do native speakers use this expression?