Another Word For Commodity

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Meaning

The word "commodity" refers to a basic good or raw material that can be bought and sold. It is often used in economics to describe items that are interchangeable with other goods of the same type. Commodities are typically standardized and can include agricultural products like wheat and corn, metals like gold and silver, and energy resources like oil and natural gas.

Synonyms

Antonyms

Etymology

The term "commodity" comes from the Latin word "commoditas," which means "convenience, advantage, or fitness." This, in turn, comes from "commodus," meaning "suitable, fit, or convenient." The word has evolved to represent not just convenience but also items traded in commerce.

Examples of Use

  1. "The price of the commodity has risen sharply over the past year due to increased demand."
  2. "Investing in commodities like oil and gold can diversify your financial portfolio."
  3. "Farmers often sell their crops as a commodity to larger agricultural companies."
  4. "Market fluctuations can significantly impact the value of a commodity."
  5. "The trade of electronic commodities has become increasingly popular in the digital age."
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