Definition, Meaning & Synonyms
rare-commodity
noun
/rɛr kəˈmɒdəti/
Definition
A product or resource that is not commonly found or produced, making it valuable due to its scarcity.
Examples
- Fine wine is often considered a rare commodity due to its limited production.
- In the world of technology, certain rare commodities like microchips can determine market trends.
- Art created by renowned artists is seen as a rare commodity at auctions.
Meaning
A rare commodity refers to an item that is limited in availability, often leading to increased demand and higher prices.
Synonyms
- scarce resource
- limited edition
- hard-to-find item
