Commodity

usgb/kəˈmɑːdəti/
noun

Something valuable that can be bought, sold, or traded, like oil or gold.

Oil is one of the world's most important commodities.
Visual representation of "commodity" - Something valuable that can be bought, sold, or traded, like oil or gold.

Often appears as...

  • basic commodity
  • commodity market
Definition 1 of 4
Visual representation of "commodity"
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Trade Context

Commodity implies items traded globally and influenced by market factors.

Illustration for Trade Context
Cotton commodity prices fluctuate with global demand.
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Economic Indicator

Certain commodities can indicate economic health, such as oil affecting inflation.

Illustration for Economic Indicator
Rising commodity costs hint at potential inflation spikes.
Visual representation of the word "Commodity"

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