The meaning of COMMODITY is an economic good. How to use commodity in a sentence.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced …

Jun 27, 2024 · Commodities are raw materials used to manufacture consumer products. They are inputs in the production of other goods and services, rather than finished goods sold to …

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

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. …

What Is a Commodity? A commodity is a base material, a raw good that can be traded for another. Traditional commodities are used to create other, more complex goods. They’re …

Mar 21, 2025 · A commodity is an essential good or material used in commerce to produce and manufacture other goods or services. They are used as inputs in the manufacturing process …

COMMODITY meaning: 1 : something that is bought and sold; 2 : something or someone that is useful or valued

Aug 16, 2024 · Commodities are undifferentiated products. They are distinct from branded products like cars, watches, or smartphones, which are generally identified by the company …

Dec 8, 2023 · What Is a Commodity? A commodity is a raw material that is typically used as input for producing other goods or services. Commodities are typically produced uniformly, meaning …