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English definition of “commodity”

commodity

noun [C]     /kəˈmɒd.ə.ti/ US  /-ˈmɑː.də.t̬i/
C1 a substance or product that can be traded , bought , or sold : The country's most valuable commodities include tin and diamonds . the international commodities market Products and producersBuying and selling in general a valuable quality : If you're going into teaching , energy is a necessary commodity.Useful or advantageous
(Definition of commodity noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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