A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities.

The word commodity is usually used in an economic context, as in importing commodities from other countries or trading in the stocks and commodities markets. You probably wouldn't say something like "I'm going to run to the corner store to pick up some commodities." This word can also be used figuratively to refer to anything valuable, like trust or patience. Some people think that honesty is a rare commodity in politics.

Definitions of commodity
  1. noun
    articles of commerce
    synonyms: good, trade good
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    basic, staple
    (usually plural) a necessary commodity for which demand is constant
    consumer goods
    goods (as food or clothing) intended for direct use or consumption
    drygoods, soft goods
    textiles or clothing and related merchandise
    a commodity that enters competition with established merchandise
    export, exportation
    commodities (goods or services) sold to a foreign country
    fancy goods
    goods that are chiefly ornamental
    a commodity that is freely interchangeable with another in satisfying an obligation
    bulk commodities bought or sold at an agreed price for delivery at a specified future date
    import, importation
    commodities (goods or services) bought from a foreign country
    merchandise, product, ware
    commodities offered for sale
    any commodity of intermediate quality or size (especially when coarse particles of ground wheat are mixed with bran)
    the commodities purchased from stores
    sporting goods
    sports equipment sold as a commodity
    worldly good, worldly possession
    a commodity or good associated with the earthly, rather than the spiritual, existence of human beings
    property or goods saved from damage or destruction
    cargo, consignment, freight, lading, load, loading, payload, shipment
    goods carried by a large vehicle
    article of clothing, clothing, habiliment, vesture, wear, wearable
    a covering designed to be worn on a person's body
    goods whose importation or exportation or possession is prohibited by law
    consumer durables, durable goods, durables
    consumer goods that are not destroyed by use
    consumer goods (especially clothing) in the current mode
    an article of merchandise that is displayed or advertised more than other articles
    any product that can be sold without a brand name
    foodstuff, grocery
    (usually plural) consumer goods sold by a grocer
    haberdashery, men's furnishings
    the drygoods sold by a haberdasher
    the merchandise that is sold in an ironmonger's shop
    irregular, second
    merchandise that has imperfections; usually sold at a reduced price without the brand name
    business line, line, line of business, line of merchandise, line of products, product line
    a particular kind of product or merchandise
    an item of merchandise offered for sale
    oil future, petroleum future
    petroleum bought or sold at an agreed price for delivery at a specified future date
    a commercial product that refills a container with its appropriate contents
    merchandise issued for sale or public showing (especially a record or film)
    dreck, schlock, shlock
    merchandise that is shoddy or inferior
    software package, software product
    merchandise consisting of a computer program that is offered for sale
    soybean future
    soybeans bought or sold at an agreed price for delivery at a specified future date
    inventory, stock
    the merchandise that a shop has on hand
    top of the line
    the best (most expensive) in a given line of merchandise
    wheat future
    wheat bought or sold at an agreed price for delivery at a specified future date
    household linen, white goods
    drygoods for household use that are typically made of white cloth
    piece goods, yard goods
    merchandise in the form of fabrics sold by the yard
    type of:
    artefact, artifact
    a man-made object taken as a whole
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