Meaning of COMMODITY in English

COMMODITY

I. kəˈmädəd.ē, -ətē, -i, rap. -ädtē or -i noun

( -es )

Etymology: Middle English commoditee, from Middle French commodité, from Latin commoditat-, commoditas fitness, convenience, pleasantness, from commodus + -itat-, -itas -ity

1.

a. archaic : convenience , usefulness

b. archaic : profit , advantage , expediency

a good wit will make use of anything. I will turn diseases to commodity — Shakespeare

c. : something used or valued especially when regarded as an article of commerce

transformed from a rather fragile comedy into a durable commodity — John McCarten

plenty of that commodity known as “temperament” — H.C.Schonberg

2.

a. : an economic good ; especially : a product of agriculture, mining, or sometimes manufacture as distinguished from services

commodities such as meat, fats, and sugar — American Annual

commodity prices

b. : an article of commerce ; especially : one delivered to a transportation company for shipment

3. obsolete : a parcel or quantity of goods : lot

I knew where a commodity of good names were to be bought — Shakespeare

II. noun

1. : a mass-produced unspecialized product

commodity chemicals

2. : one that is subject to ready exchange or exploitation within a market

stars as individuals and as commodities of the film industry — Film Quarterly

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.