Commodity - Wikipedia
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 so with no regard to who produced them.
Commodity Definition & Meaning - Merriam-Webster
The meaning of COMMODITY is an economic good. How to use commodity in a sentence. an economic good: such as; a product of agriculture or mining; an article of commerce especially when delivered for shipment…
What Are Commodities and Understanding Their Role in the
Jun 27, 2024 · A commodity market is a physical or virtual marketplace for buying, selling, and trading commodities. Discover how investors profit from the commodity market.
COMMODITY | English meaning - Cambridge Dictionary
a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.: One big commodity that Canada exports is oil. Higher commodities prices boosted first …
Commodity Prices | Commodity Market | Markets Insider
2 days ago · Get all information on the commodity market. Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.
COMMODITY Definition & Meaning | Dictionary.com
an article of trade or commerce, especially a product as distinguished from a service. something of use, advantage, or value. Stock Exchange. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. Obsolete. a quantity of goods.
Commodity Market: Definition, Types, Example, and How It Works
Feb 23, 2024 · A commodity market is where you can buy and sell goods taken from the earth, from cattle to gold, oil to oranges, and orange juice to wheat. Commodities can be turned into products like baked...
COMMODITY | definition in the Cambridge English Dictionary
a substance or a product that can be traded in large quantities, such as oil, metals, grain, coffee, etc.: One big commodity that Canada exports is oil. Higher commodities prices boosted first …
Commodities - Trading and Investing - Investopedia
Apr 23, 2024 · What is a commodity? A commodity is a basic good that is interchangeable with other goods of the same type. They are often used as inputs in the production of other goods or services and...
What Is a Commodity in Economics? - ThoughtCo
Sep 12, 2019 · In economics, a commodity is defined as a tangible good that can be bought and sold or exchanged for products of similar value. Natural resources such as oil as well as basic foods like corn are two common types of commodities.
Skip to content