noun

definition

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

definition

Something useful or valuable.

definition

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

example

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

definition

Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

example

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

definition

Anything which has both a use-value and an exchange-value.

definition

Convenience; usefulness, suitability.

definition

Self-interest; personal convenience or advantage.

Examples of commodity in a Sentence

By far the most important commodity is petroleum, fully one-half of the total value.

Information was obviously a free commodity in this area.

There they can see the world commodity prices for their produce in real time.

The principle here is to agree to buy a certain amount of a commodity at a certain price from farmers in these countries.

I never knew time would be such a precious commodity.

Definitely. The Cannery Row project will make you a hot commodity around here.

Africa's animals have become a commodity to be traded on the international markets!

Well, time is a precious commodity and it's ticking away for both of you.

In that year he purchased a quantity of the rare and much-prized commodity, and offered it to the public, in the leaf, at fixed prices varying from 15sto 50s.

The principal commodity is furs (chiefly American and Russian), of which about one and a quarter million pounds worth are sold annually; other articles disposed of are leather, hides, wool, cloth, linen and glass.

The story was picked up worldwide, and suddenly Boyle was a hot commodity.

Alghough no longer a great power, she still had many of the responsibilities of a great power; and if the Swedish alliance had considerably depreciated in value, it was still a marketable commodity.

For surrendered rights and privileges the sultan and his grandees received monetary compensations in the shape of annual subventions, and these also have been paid for the losses formerly incurred by the wilful destruction of the nutmeg plantations, carried out in order to enhance the value of this commodity and monopolize its cultivation.

The same may be said with greater truth of the devotees of the theory of knowledge; they seem to have no need of so old-fashioned a commodity as reality.

I think we will see commodity prices plummet in the coming years.

If these special rates are published in the tariff, and are offered to all persons alike, provided they can fulfil the conditions imposed by the company, they are known as commodity rates, and are apparently a necessity in any scheme of railway charges.

Foreign coins were formerly legal tender in the republic, but this has been changed by the exclusion of foreign silver coins and the acceptance of foreign gold coins as a commodity at a fixed value.

Many of them seem to have been admitted to membership. They were regarded as merchants, for they bought raw material and sold the manufactured commodity; no sharp line of_ demarcation was drawn' between the two classes in the 12th and 13th centuries.

It was then a trading station of some importance, slaves being the chief commodity dealt in.

If it is not more, though the commodity may be brought to market, it can afford no rent to the landlord.

Of its large commerce, grain is the chief commodity; it is estimated that about four-fifths of that exported from the port of New York is shipped from here, and the borough's grain elevators have an estimated storage capacity of about 20,000,000 bushels.

Water was another commodity enthusiastically offered to the parade-watchers.

The adoptee as a commodity has specific meanings, such as fulfilling a desire to have children or to show benevolence and charity.

Coffee as an export commodity grew between the 1850s and the 1870s, and by 1890 coffee had become the nation's principal export.

T.M.X. Elmo by Fisher Price is a hot commodity and the ideal gift for Christmas, birthdays, or just because.

It is also a waste of time, which is also a precious commodity.

Maple sugar is an important by-product of the forests, and in the production of this commodity New York ranks second only to Vermont; 3,623,540 lb were made in 1900.

His "theorie des debouches" amounts to this, that, products being, in last analysis, purchased only with products, the extent of the markets (or outlets) for home products is proportional to the quantity of foreign productions; when the sale of any commodity is dull, it is because there is not a sufficient number, or rather value, of other commodities produced with which it could be purchased.

In the production of this commodity the state ranked first, and produced about 55% of the entire crop of the United States.

These may be called the natural rates at the time when and the place where they prevail; and the natural price of a commodity is what is sufficient to pay for the rent of the land, the wages of the labour, and the profit of the stock necessary for bringing the commodity to market.

This remains anathema to Western governments - which spent most of the 1980s demolishing commodity agreements - and to politically powerful transnational companies.

Iran already opened commodity bourse - only in euro.

An intricate knowledge of the sports world and madcap off-the-cuff comedy has established them as a totally unique commodity in the events market.

Iraq has been under comprehensive economic sanctions since 1990, and is only allowed to export one commodity, oil.

In the US, schooling is a $ 650 billion marketable commodity to be traded for a profit.

With time now a very precious commodity we had to start shooting straight away.

Big business lobbyists want food to be treated like any other tradable commodity in the global market.

Open space is a scarce commodity within the urban areas of the District.

As opposed to being a worldwide brand or tradeable commodity, non league sides exist to serve their communities.

Pro-actively, the East Timorese have been an inconvenient and entirely dispensable commodity for the last twenty five years.

Marx analyzed what he called ' commodity fetishism ' in Capital.

The steam locomotive firebox can be adapted to burn more or less any commodity cleanly.

A stronger greenback makes commodity contracts such as metals more expensive for buyers using other currencies.

The capitalist, the wage laborer, as well as the landowner, are commodity owners who are formally independent from each other.

Manhattan associates broker commodity discount online and lexus dealers.

Without that online commodity trading and broker middleman the broker provides then late tuesday.

Who said that water Is a precious commodity Then dropped a big old black oil slick In the deep blue sea?

Under capitalism, the system of commodity production par excellence, the product completely dominates the producer.

Woo Sun Park, vise president of GSM product planning at Samsung said TV was becoming a commodity item for mobile phones in Korea.

The product at Blue Bridge Lane appears to have been beads, which would have been an easily saleable commodity.

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