The commodity
Example: The commodity is traded on global markets
Definition
"The commodity" refers to a basic good or raw material that is interchangeable with other goods of the same type and is often used as an input in the production of other goods or services. It is commonly traded on global markets, such as oil, gold, or wheat.
Etymology
The term "commodity" originates from the Latin word 'commoditas,' meaning convenience or suitability, which evolved through Old French 'commodité' before entering English. Did you know? The word once broadly referred to any useful or advantageous thing, but now it specifically denotes tradable goods.
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"The commodity" appears in the Vocaplus list "English - General - (C1) - set 2", containing 116 commonly used words.
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