Skip to main content

commoditya raw material or primary agricultural product that can be bought and sold

Part of speech: NOUN

Definition: a raw material or primary agricultural product that can be bought and sold

Pronunciation (IPA): /kəˈmɑːdəti/

Example Sentences

  • My mom treats Wi-Fi like a rare commodity and turns it off at 9 PM
  • Coffee has become one of the world's most traded commodities
  • During exam period, sleep becomes a luxury commodity among students

commodity

NOUN

[/kəˈmɑːdəti/]

a raw material or primary agricultural product that can be bought and sold

Oil is an important commodity traded around the world.
💡 Concept

Oil is an important commodity traded around the world.

Gold and coffee are traded as commodities in international markets. (COMMERCE + PRODUCT = COMMODITY)
🧠 Mnemonic

Gold and coffee are traded as commodities in international markets. (COMMERCE + PRODUCT = COMMODITY)

A commodity is no oddity — from gold to grain, it fuels the economy.
🎵 Rhyme

A commodity is no oddity — from gold to grain, it fuels the economy.

Got the picture? Now let's practice.

🎤Pronunciation

🇺🇸 US/kəˈmɑːdəti/
🇬🇧 UK/kəˈmɒdəti/

🌳Etymology

Rootcommod
Suffix--ity

Origin

From Middle French 'commodité', derived from Latin 'commoditas' meaning 'fitness, advantage', which comes from 'commodus' meaning 'convenient, suitable' (from 'com-' together and 'modus' measure).

Breakdown

Latin 'com-' (together) + 'modus' (measure) + '-ity' (noun suffix indicating state or quality) = commodity (a measurable good that can be traded)

🎵Rhyme

qualityequalityreality
quality
equality
reality

🔗Collocations

commodity prices
agricultural commodity
commodity market
precious commodity
commodity trading
basic commodity
rare commodity

📝Examples

😄 Fun example

My mom treats Wi-Fi like a rare commodity and turns it off at 9 PM

Coffee has become one of the world's most traded commodities

😄 Fun example

During exam period, sleep becomes a luxury commodity among students

Oil prices affect the cost of many other commodities

📚Related Words

Synonyms

goodsproductmerchandisematerial

Antonyms

serviceluxury

Related

trademarketexportimporteconomics

Want to master 19,000+ words?

Sign up free for flashcards & quizzes.