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.
Usage & Nuances
Mainly used in business, economics, and trade contexts. Common collocations: 'commodity prices', 'commodity market'. A commodity is typically interchangeable with other goods of the same type. Don't confuse with 'product', which can be more specific or manufactured.
Example Sentences
Oil is an important commodity in the world market.
basic
Gold has always been a valuable commodity.
basic
Coffee is traded as a commodity on international exchanges.
basic
Water is increasingly treated as a commodity in many countries.
natural
In tough times, trust becomes a rare commodity in the workplace.
natural
These days, data has become a valuable commodity for businesses.
natural