English Explanatory Dictionary

commodity

English dictionary entry

Meanings

noun
  1. Anything movable (a good) that is bought and sold.
  2. Something useful or valuable.
  3. Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
  4. Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.
  5. Anything which has both a use value and an exchange value.
  6. Convenience; usefulness, suitability.
  7. Self-interest; personal convenience or advantage.

Pronunciation

/kəˈmɑdəti/ /kəˈmɒdəti/ LL-Q1860 (eng)-Vealhurl-commodity.wav /kəˈmɔdɪte/ /-tɪ/ /-ti/

Word forms

commodity commodities commoditie

Etymology

Etymology tree Proto-Indo-European *ḱe Proto-Indo-European *ḱóm Proto-Italic *kom Proto-Italic *kom- Latin com- Proto-Indo-European *med- Proto-Indo-European *-os Proto-Italic *medos Latin modus Latin commodus Proto-Indo-European *-teh₂ Proto-Indo-European *-ts Proto-Indo-European *-teh₂ts Proto-Italic *-tāts Latin -tās Latin commoditāsder. Anglo-Norman commoditeebor. Middle English commoditee English commodity Inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās.

Related words

commodification commoditization

Derived words

biocommodity commodify commoditize commodity currency commodity diplomacy commodity exchange commodity fetish commodity fetishism commodityism commodity market commodity meat commodity money cryptocommodity discommodity multicommodity
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