Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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 marketProducts 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 from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
What is the pronunciation of commodity?
Browse related topics

You are looking at an entry to do with Useful or advantageous, but you might be interested in these topics from the Using and not using topic area:

Add Cambridge dictionaries to your browser to your website

Definitions of “commodity” in other dictionaries

Word of the Day

hoppy

like hops (= dried fruit used to make beer)

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More