Commodity
noun
Something valuable that can be bought, sold, or traded, like oil or gold.
Oil is one of the world's most important commodities.
Often appears as...
- basic commodity
- commodity market
noun
A useful or valuable quality, such as time or water.
In the desert, water is a valuable commodity.
Often appears as...
- valuable commodity
- scarce commodity
noun
In computing, a function or a feature provided by a system.
Storage space has become a commodity in modern computing.
Often appears as...
- storage commodity
- system commodity
noun
In economics, a physical item that is interchangeable with another item of the same type.
In the commodities market, wheat, corn, and soybeans are treated as interchangeable.
Often appears as...
- interchangeable commodity
- economic commodity
noun
Something valuable that can be bought, sold, or traded, like oil or gold.
Oil is one of the world's most important commodities.
Often appears as...
- basic commodity
- commodity market
noun
A useful or valuable quality, such as time or water.
In the desert, water is a valuable commodity.
Often appears as...
- valuable commodity
- scarce commodity
noun
In computing, a function or a feature provided by a system.
Storage space has become a commodity in modern computing.
Often appears as...
- storage commodity
- system commodity
noun
In economics, a physical item that is interchangeable with another item of the same type.
In the commodities market, wheat, corn, and soybeans are treated as interchangeable.
Often appears as...
- interchangeable commodity
- economic commodity
Definition 1 of 4
Pro Tip 1/2Trade Context
Commodity implies items traded globally and influenced by market factors.
Cotton commodity prices fluctuate with global demand.
Pro Tip 2/2Economic Indicator
Certain commodities can indicate economic health, such as oil affecting inflation.
Rising commodity costs hint at potential inflation spikes.
Pro Tip 1/2Trade Context
Commodity implies items traded globally and influenced by market factors.
Cotton commodity prices fluctuate with global demand.
Pro Tip 2/2Economic Indicator
Certain commodities can indicate economic health, such as oil affecting inflation.
Rising commodity costs hint at potential inflation spikes.
Pro Tip 1/2Trade Context
Commodity implies items traded globally and influenced by market factors.
Cotton commodity prices fluctuate with global demand.
Pro Tip 2/2Economic Indicator
Certain commodities can indicate economic health, such as oil affecting inflation.
Rising commodity costs hint at potential inflation spikes.
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Video examples
How whales breathe,...
They use this to capture as much air as they can to take down with them when they're diving, because when you dive, pressures increase, and that decreases the volume of air you have available. But more importantly, having that sack allows them to recycle the air that they're using, because air is a precious commodity.
Video examples
What gives a dollar bill...
means that the money in your wallet today will be worth less tomorrow, making you want to spend it right away. While this would stimulate business, it would also encourage overconsumption, or hoarding commodities, like food and fuel, raising their prices and leading to consumer shortages and even more inflation.
Video examples
What causes an economic...
and geopolitical factors. An earthquake, for example, can destroy the infrastructure needed to produce important commodities such as oil. That forces the supply side of the economy to charge more for products that use oil, discouraging demand and potentially prompting a recession.
Video examples
Noah Wilson-Rich: Every...
and the other bees are attracted to it. So this really demonstrates our relationship with honeybees, and that goes deep back for thousands of years. We're very co-evolved, because we depend on bees for pollination and, even more recently, as an economic commodity.
Video examples
When is water safe to...
And in regions where large-scale systems are unavailable, or where water has been contaminated further along its journey, these systems can mean the difference between life and death. Clean water remains a precious and often scarce commodity.
Video examples
A brief history of...
Capture this vapor, cool it down, and what’s left is liquid alcohol much more concentrated than any fermented beverage. At first, these stronger spirits were used for medicinal purposes. Then, spirits became an important trade commodity
Video examples
What does an alien look...
believe they look a little bit different this is the earth our home planet and its nearest neighbor Mars the earth is a lush oasis in comparison to Mars and this is because we enjoy the luxury of life's most precious commodity water
Video examples
Jason Clay: How big...
It's risk and demand. For the big companies, it's reputational risk, but more importantly, they don't care what the price of commodities is. If they don't have commodities, they don't have a business. They care about availability,
Video examples
The life cycle of a cup...
that makes the journey possible. Many of these individuals work for low pay in dangerous conditions— and some aren’t paid at all. So while we might marvel at the global network behind this commodity,
Video examples
Five Pirate Myths That...
number four pirate ships were rowdy boisterous vessels full of drunken rules when fresh water was a rare commodity and rum was the drink of choice things were bound to get a little wild
Video examples
How whales breathe,...
They use this to capture as much air as they can to take down with them when they're diving, because when you dive, pressures increase, and that decreases the volume of air you have available. But more importantly, having that sack allows them to recycle the air that they're using, because air is a precious commodity.
Video examples
What gives a dollar bill...
means that the money in your wallet today will be worth less tomorrow, making you want to spend it right away. While this would stimulate business, it would also encourage overconsumption, or hoarding commodities, like food and fuel, raising their prices and leading to consumer shortages and even more inflation.
Video examples
What causes an economic...
and geopolitical factors. An earthquake, for example, can destroy the infrastructure needed to produce important commodities such as oil. That forces the supply side of the economy to charge more for products that use oil, discouraging demand and potentially prompting a recession.
Video examples
Noah Wilson-Rich: Every...
and the other bees are attracted to it. So this really demonstrates our relationship with honeybees, and that goes deep back for thousands of years. We're very co-evolved, because we depend on bees for pollination and, even more recently, as an economic commodity.
Video examples
When is water safe to...
And in regions where large-scale systems are unavailable, or where water has been contaminated further along its journey, these systems can mean the difference between life and death. Clean water remains a precious and often scarce commodity.
Video examples
A brief history of...
Capture this vapor, cool it down, and what’s left is liquid alcohol much more concentrated than any fermented beverage. At first, these stronger spirits were used for medicinal purposes. Then, spirits became an important trade commodity
Video examples
What does an alien look...
believe they look a little bit different this is the earth our home planet and its nearest neighbor Mars the earth is a lush oasis in comparison to Mars and this is because we enjoy the luxury of life's most precious commodity water
Video examples
Jason Clay: How big...
It's risk and demand. For the big companies, it's reputational risk, but more importantly, they don't care what the price of commodities is. If they don't have commodities, they don't have a business. They care about availability,
Video examples
The life cycle of a cup...
that makes the journey possible. Many of these individuals work for low pay in dangerous conditions— and some aren’t paid at all. So while we might marvel at the global network behind this commodity,
Video examples
Five Pirate Myths That...
number four pirate ships were rowdy boisterous vessels full of drunken rules when fresh water was a rare commodity and rum was the drink of choice things were bound to get a little wild
Example 1 of 10
Quote examples
John Buchanan Robinson
American Politician
Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire.
Quote examples
Sting
British Musician
I see songs not as a commodity used up when the album goes off the charts, which is often the case with pop songs. I see them as a body of work. Life should be breathed into them.
Quote examples
Edward de Bono
English Psychologist
Humor is probably the most significant characteristics of the human mind. Far more significant than reason. In fact, reason is actually a very cheap commodity.
Quote examples
Fatih Birol
Turkish Economist
I think my biggest fear is having another global war which might have been a result of sharing the primary commodities in the world.
Quote examples
Ian Gillan
English Musician
I'm completely irresponsible, I'm afraid. I'm ignorant about money as a commodity - I have never really understood it.
Quote examples
Kurt Vonnegut
American Writer
New knowledge is the most valuable commodity on earth. The more truth we have to work with, the richer we become.
Quote examples
Khalid A. Al-Falih
Saudi Arabian Public Servant
I think that rational people in the world know that oil is a very important commodity for the rest of the world.
Quote examples
Lalu Prasad Yadav
Indian Politician
Rising prices of essential commodities has affected the day-to-day life of people of this country.
Quote examples
Henry Wotton
English Author
Well-building hat three conditions. Commodity, firmness, and delight.
Quote examples
Edwin Louis Cole
American Author
Truth is life's most precious commodity.
Quote examples
John Buchanan Robinson
American Politician
Sometimes, instead of purchasing a commodity out and out, people want to buy only the use of it, for a longer or shorter period. The price paid for such temporary use is commonly called hire.
Quote examples
Sting
British Musician
I see songs not as a commodity used up when the album goes off the charts, which is often the case with pop songs. I see them as a body of work. Life should be breathed into them.
Quote examples
Edward de Bono
English Psychologist
Humor is probably the most significant characteristics of the human mind. Far more significant than reason. In fact, reason is actually a very cheap commodity.
Quote examples
Fatih Birol
Turkish Economist
I think my biggest fear is having another global war which might have been a result of sharing the primary commodities in the world.
Quote examples
Ian Gillan
English Musician
I'm completely irresponsible, I'm afraid. I'm ignorant about money as a commodity - I have never really understood it.
Quote examples
Kurt Vonnegut
American Writer
New knowledge is the most valuable commodity on earth. The more truth we have to work with, the richer we become.
Quote examples
Khalid A. Al-Falih
Saudi Arabian Public Servant
I think that rational people in the world know that oil is a very important commodity for the rest of the world.
Quote examples
Lalu Prasad Yadav
Indian Politician
Rising prices of essential commodities has affected the day-to-day life of people of this country.
Quote examples
Henry Wotton
English Author
Well-building hat three conditions. Commodity, firmness, and delight.
Quote examples
Edwin Louis Cole
American Author
Truth is life's most precious commodity.
Example 1 of 10
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