V2 Vocabulary Building Dictionary



Definition: 1. something that is useful; 2. something that can be bought, sold, or traded

Synonyms: advantage, asset, product, merchandise


Tips: Commodity comes from the Latin word commodus, "useful." Something that can be traded in exchange for something else is useful, and therefore, a commodity. A commodity doesn't necessarily have to be a material item, however. It's something someone has and other people want. Commodity Exchanges sell commodities like oranges, wheat, oil, diamonds, and almost anything of use that can be bought, sold, or traded.

Usage Examples:

The information I just received would be a hot commodity for our competitors. (advantage, asset)

I am investing in oil, silver, and other commodities. (products, assets)

Energy and patience are important commodities when teaching young children. (advantages, assets)

Since our country doesn't have any export goods, tourism is our most important commodity. (product, asset)

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