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 …

2 days ago · Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.

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

COMMODITY definition: an article of trade or commerce, especially a product as distinguished from a service. See examples of commodity used in a sentence.

Sep 19, 2025 · Commodities are traded on commodity exchanges and serve as the underlying investment for commodities futures and options contracts.

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

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

Aug 26, 2025 · A commodity is more than just a raw material—it is a cornerstone of global trade, economics, and financial markets. Defined by its fungibility, standardisation, and universal …

Definition of commodity noun from the Oxford Advanced Learner's Dictionary. (economics) a product or a raw material that can be bought and sold. Crude oil is the world's most important …

A commodity is an item that is traded on the market, such as wheat, gold, silver, oil, coffee, or sugar. The corporation provided $150 million to finance the exports of various commodities …