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Commodity

Definition

(noun) A raw material or primary product that can be bought, sold, or traded

Examples

Oil is a crucial commodity that influences global economic stability.
  • Coffee used to be a cheap commodity there.

  • At the auction in Hamburg, they sold the old cotton commodity by the ton.

  • After the drought, corn became a scarce commodity in Iowa.

  • By Friday, airline seats had turned into a rare commodity on that route.

Related words

Other English words at this level include Vicarious, Altruism, Petulant, Voracity, and Infrastructure. Tap any word to see its definition, examples, and audio.

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