English Lexicon

Commodity

/kəˈmɒdəti/
nounCEFR B2 (Upper)Top #800 frequency
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Comprehensive Definitions & Senses

1 sense
As noun
  1. 1

    A raw material or primary agricultural product that can be bought and sold.

    "Crude oil is a very important traded commodity."

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Synonyms (3)

Linguistic Origin & Historical Etymology

The word 'commodity' originates from the Latin 'commoditas', meaning 'convenience' or 'advantage', which evolved through Old French 'commodité' before entering English in the late Middle Ages. Its meaning has shifted from a general sense of usefulness to a specific reference to goods traded in commerce.

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