Commodities

/kəˈmɒdətiz/

Last Updated: January 2, 2026 at 12:30 PM

Scrabble:18 ptsWWF:21 pts11 letters

Definition of Commodities

noun

  1. Anything movable (a good) that is bought and sold.
  2. Something useful or valuable.
  3. Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

    "The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges."

  4. Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

    "Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity."

  5. Anything which has both a use-value and an exchange-value.