How to Pronounce "commodities"
word
Definition
Commodities are basic goods or raw materials, like oil, wheat, or gold, that are bought and sold, usually in large quantities. They are often used as parts of other products or traded on global markets.
Listen in Context
The prices of many commodities have increased this year.
Oil and gold are important commodities in global trade.
Farmers sell their crops as commodities.
Investors watch commodities markets closely to spot new trends.