Definition, Meaning & Synonyms
valuable-commodity
Noun
/ˈvæljuːəbl kəˈmɒdəti/
Definition
A valuable commodity refers to a product or good that has significant economic worth or importance in trade and commerce.
Examples
- Gold is often considered a valuable commodity due to its rarity and demand in jewelry and electronics.
- Oil is a crucial valuable commodity that influences global economies.
- Coffee beans are valuable commodities for many countries, affecting their trade relationships.
Meaning
It indicates a type of resource or asset that is highly sought after and can be easily traded, contributing to economic value.
Synonyms
- Asset
- Resource
- Property
- Goods
