COMMODITY

Commodity

In economics, a commodity is a marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.

The above text is a snippet from Wikipedia: Commodity
and as such is available under the Creative Commons Attribution/Share-Alike License.

commodity

Noun

  1. Convenience; usefulness, suitability.
  2. Anything movable (a good) that is bought and sold.
  3. Something useful or valuable.
    And Slade said: "It really makes me sad that football club chairmen and boards seem to have lost that most precious commodity - patience. "Sam's sacking at Newcastle had, I suppose, been on the cards for a while, but it is really ridiculous to fire a manager after such a short time. Somerset County Gazette on Jan. 14th, 2008.
  4. Self-interest; personal convenience or advantage.
  5. 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.
  6. Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
    Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
  7. Anything which has both a use-value and an exchange-value.


The above text is a snippet from Wiktionary: commodity
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!