commodity

Plural

commodities

1. 1.Anything movable (a good) that is bought and sold.

   • Referring to the work of Bourdieu, Zukin (2004,38) notes that shopping is much more than the purchase of commodities.
   • If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity.
   • For mineral trains, he adds little other than pointing out the need to expand single-commodity trains and to end the use of mixed-commodity services that required extensive marshalling.

2. 2.Something useful or valuable.

3. 3.Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

   • The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.

4. 4.Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.

   • Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.

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