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| NOUN: |
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- (obsolete) Convenience; usefulness, suitability. [15th-19th c.]
- Anything movable (a good) that is bought and sold. [from 15th c.] [quotations ▼]
- Something useful or valuable. [from 15th c.]
- And Slade said: "It really makes me sad that football club chairmen and boards seem to have lost that most precious commodity - patience. "Sam's sacking at Newcastle had, I suppose, been on the cards for a while, but it is really ridiculous to fire a manager after such a short time. Somerset County Gazette on Jan. 14th, 2008.
- (obsolete) Self-interest; personal convenience or advantage. [16th-19th c.] [quotations ▼]
- (economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
- The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
- (marketing) Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
- Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
- (Marxism) Anything which has both a use-value and an exchange-value.
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| ETYMOLOGY: |
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Middle English commoditee, from Anglo-Norman commoditee, from Latin commoditat, commoditas. |
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