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commodity

Noun

Meaning

• A raw material or primary agricultural product that can be bought and sold.

• A useful or valuable thing.

Examples

• Oil is one of the world's most important commodities.

• Clean water is a precious commodity in arid regions.

• The fluctuating prices of commodities affect the global market.

commodity

Noun

Meaning

• A raw material or primary agricultural product that can be bought and sold.

• A useful or valuable thing.

Examples

• Oil is one of the world's most important commodities.

• Clean water is a precious commodity in arid regions.

• The fluctuating prices of commodities affect the global market.