The meaning of COMMODITY is an economic good. How to use commodity in a sentence. an economic good: such as; a product of agriculture or mining; an article of commerce especially …

In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly …

4 days ago · Get all information on the commodity market. Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.

Jun 27, 2024 · A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of …

May 12, 2021 · What Is a Commodity? A commodity is a raw material that is bought and sold but is interchangeable with other materials of the same type -- such as oranges or lumber. …

Mar 25, 2025 · Find out what defines a commodity, what types of commodities there are, and what factors determine global commodity supply and demand.

COMMODITY definition: 1. a substance or product that can be traded, bought, or sold: 2. a valuable quality: 3. a…. Learn more.

Get updated commodity futures prices. Find information about commodity prices and trading, and find the latest commodity index comparison charts.

Dec 8, 2023 · A commodity is a raw material that is typically used as input for producing other goods or services.

commodity (economics) a product or raw material that can be bought and sold, especially between countries: rice, flour and other basic commodities; merchandise [U] goods that are …