COMMODITY


Meaning of COMMODITY in English

transcription, транскрипция: [ kə-ˈmä-də-tē ]

noun

( 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's Collegiate English vocabulary.      Энциклопедический словарь английского языка Merriam Webster.