Commodity (Noun)
Meaning
Articles of commerce.
Classification
Nouns denoting man-made objects.
Examples
- The country's economy relies heavily on the export of its primary commodity, coffee.
- Cotton is a widely traded commodity on the global market.
- The company's business model involves buying and selling commodities such as wheat and soybeans.
- Gold is a highly valued commodity due to its rarity and durability.
- Oil is a crucial commodity for many industries, including transportation and manufacturing.