commodity

noun

(business) Anything movable (a good) that is bought and sold.

(economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

(marketing) Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.

Something useful or valuable.

(Marxism) Anything which has both a use value and an exchange value.

(obsolete) Convenience; usefulness, suitability.

(obsolete) Self-interest; personal convenience or advantage.

Roots

modusmod- · Latin · measure, manner

Synonyms & related words for commodity

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Words related to commodity

Explore words related to commodity — words associated with it, words that go with it, and its nearest matches in meaning. Related words include backwardation, goods, tradable, oversold, oligopsony, merchandise, barterer, commodify. Click any word to make it the center of the map and keep exploring the web of connections.

Where does commodity come from?

The word commodity breaks down into one root of Latin origin: the root mod-, from Latin modus (“measure, manner”). Explore each root to see other English words built from the same source.