How to Pronounce "commodity"
word
Definition
A commodity is a basic good or raw material, such as oil, wheat, or gold, that is traded in large quantities. It can also mean something useful or valuable, especially in business.
Listen in Context
Oil is an important commodity in the world market.
Gold has always been a valuable commodity.
Coffee is traded as a commodity on international exchanges.
Water is increasingly treated as a commodity in many countries.