COMMODITY

noun (plural -ties) Etymology: Middle English commoditee, from Anglo-French commoditee, from Latin commoditat-, commoditas, from commodus Date: 15th century an economic good: as, a product of agriculture or mining, an article of commerce especially when delivered for shipment , a mass-produced unspecialized product , 2. something useful or valued , convenience , advantage , quantity , lot , 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, one that is subject to ready exchange or exploitation within a market