COMMODITY


Meaning of COMMODITY in English

n.

Pronunciation: k ə - ' mä-d ə -t ē

Function: noun

Inflected Form: plural -ties

Etymology: Middle English commoditee, from Anglo-French commoditee, from Latin commoditat-, commoditas, from commodus

Date: 15th century

1 : an economic good: as a : a product of agriculture or mining b : an article of commerce especially when delivered for shipment < commodities futures> c : a mass-produced unspecialized product < commodity chemicals> < commodity memory chips>

2 a : something useful or valued <that valuable commodity patience> also : THING , ENTITY b : CONVENIENCE , ADVANTAGE

3 obsolete : QUANTITY , LOT

4 : a good or service whose wide availability typically leads to smaller profit margins and diminishes the importance of factors (as brand name) other than price

5 : one that is subject to ready exchange or exploitation within a market <stars as individuals and as commodities of the film industry ― Film Quarterly >

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.