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Definition of "commodity" []

  • Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are a rare commodity in the big leagues” ( Steve Guiremand). (noun)
  • An article of trade or commerce, especially an agricultural or mining product that can be processed and resold. (noun)
  • Advantage; benefit. (noun)
  • Obsolete A quantity of goods. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "commodity" in a sentence
  • "MRRLEST8 www. While some world stock and commodity markets show signs of calming down, jitters remain despite -- or perhaps because o ... davianletter Oh man, there just might be a few #commodity markets that keep me up this morning."
  • "Lurking within the physical form of a commodity is a value form; that is, it is an expression of value."
  • "As I see it, Smith earlier declared that the value of a commodity is the amount of labor necessary TO PRODUCE it."