Definition

A product or raw material that can be bought and sold, often used in trade or commerce.

Example

Oil is a valuable commodity that affects the global economy.

Conversation

Have you heard that coffee is becoming a rare commodity lately?

Yeah, I read that somewhere; it’s surprising how much prices have gone up.

It makes me wonder what other products might turn into a valuable commodity soon.

Definitely! It’s interesting to see how demand changes over time.

Synonyms & Antonyms

Root Explanation

Commodity → It is derived from the Latin word "commoditas" (meaning convenience or advantage), which comes from "commodus" (meaning suitable or convenient). The word refers to something that is useful or advantageous, particularly in trade or commerce.

Memory Tip

Think of 'suitable' or 'convenient' when you hear 'commodity' — it helps you remember that a commodity is something useful or advantageous in trade.

Visually Confused Words