noun
- raw materials or primary agricultural products that can be bought and sold, such as copper or coffee
- useful or valuable things
Usage: economics; finance
Usage: general
Examples
- Oil and gold are important commodities in international trade.
- The price of agricultural commodities fluctuates with weather conditions.
- Coffee is one of the most traded commodities in the world.
- Investors often buy commodities as a hedge against inflation.
- The company deals in various commodities including metals and grains.
- Fresh water has become a precious commodity in drought-stricken areas.