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English definition of “commodity”

commodity

noun [C] uk   /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 a valuable quality: If you're going into teaching, energy is a necessary commodity.
(Definition of commodity from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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