commodity

C2 Topic:Economics & Markets

US /kəˈmɑdəti/ UK /kəˈmɒdəti/ See IPA manual

Freq #15862

Meanings

1

noun
A raw material or basic product that is bought and sold in large amounts, such as oil or grain.

The price of commodities like wheat and coffee rose sharply.
2

noun
Something useful or valuable.

In a busy office, patience is a precious commodity.
3

noun
A product that is much like all others of its kind, so buyers choose mainly on price.

Once cutting-edge, the calculators became a cheap commodity.

Thesaurus

Synonyms

1 noun · a raw material or basic... goodtrade good

Word family

Forms commodities

Derived forms biocommoditycommodifycommoditizecommodityismcryptocommoditydiscommoditymulticommodity

Related forms commodificationcommoditization

Appears in

Phrases (1)

See all

commodity exchange
a market where raw materials and other commodities are traded under organized rules

Noun + noun

Simplified etymology

Commodity, recorded in late Middle English, comes from the family of Latin commodus, meaning “fit” or “convenient.” Its original English sense was something useful.

Etymology

Etymology tree Proto-Indo-European *ḱe Proto-Indo-European *ḱóm Proto-Italic *kom Proto-Italic *kom- Latin com- Proto-Indo-European *med- Proto-Indo-European *-os Proto-Italic *medos Latin modus Latin commodus Proto-Indo-European *-teh₂ Proto-Indo-European *-ts Proto-Indo-European *-teh₂ts Proto-Italic *-tāts Latin -tās Latin commoditāsder. Anglo-Norman commoditeebor. Middle English commoditee English commodity Inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās.

Topics

Economics & Markets Materials & Substances Word Formation & Derivatives

External links

# commodity

**Type:** Word
**Level:** C2
**Part of speech:** noun
**IPA (US):** /kəˈmɑdəti/
**IPA (UK):** /kəˈmɒdəti/
**Frequency rank:** 15862

## Meanings
1. A raw material or basic product that is bought and sold in large amounts, such as oil or grain.
2. Something useful or valuable.
3. A product that is much like all others of its kind, so buyers choose mainly on price.

## Examples
- The price of commodities like wheat and coffee rose sharply.
- In a busy office, patience is a precious commodity.
- Once cutting-edge, the calculators became a cheap commodity.

## Derived Forms
- biocommodity
- commodify
- commoditize
- commodityism
- cryptocommodity
- discommodity
- multicommodity

## Related Forms
- commodification
- commoditization

## Etymology
Etymology tree Proto-Indo-European *ḱe Proto-Indo-European *ḱóm Proto-Italic *kom Proto-Italic *kom- Latin com- Proto-Indo-European *med- Proto-Indo-European *-os Proto-Italic *medos Latin modus Latin commodus Proto-Indo-European *-teh₂ Proto-Indo-European *-ts Proto-Indo-European *-teh₂ts Proto-Italic *-tāts Latin -tās Latin commoditāsder. Anglo-Norman commoditeebor. Middle English commoditee English commodity Inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās.

## AI Etymology
Commodity is inherited from Middle English commoditee, borrowed from Anglo-Norman commoditee, from Latin commoditās. The historical chain records Proto-Indo-European *ḱe, Proto-Indo-European *ḱóm, Proto-Italic *kom, Proto-Italic *kom-, Latin com-, Proto-Indo-European *med-, Proto-Indo-European *-os, Proto-Italic *medos, Latin modus, Latin commodus, Proto-Indo-European *-teh₂, Proto-Indo-European *-ts, Proto-Indo-European *-teh₂ts, Proto-Italic *-tāts, Latin -tās, and Latin commoditās. Current senses include a raw material or basic product that is bought and sold in large amounts, such as oil or grain, something useful or valuable, and a product that is much like all others of its kind, so buyers choose mainly on price. The wider family includes derived forms such as biocommodity, commodify, commoditize, commodityism, and cryptocommodity and related words such as commodification and commoditization.

## Topics
- Economics & Markets
- Materials & Substances
- Word Formation & Derivatives

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