noun

commodity

commodity, product, raw material, asset

Oil is a valuable commodity.

Oil is a valuable commodity.

In this area, clean water is a rare commodity.

In this area, clean water is a rare commodity.

a/the commodity ((as a subject/object)) Gold is seen as a safe commodity.

commodities market/trading a market for raw materials He works in commodities trading.

Synonyms: product, goods, material, asset

From Latin 'commoditas' (convenience, advantage), from 'commodus' (convenient). Originally, something useful or convenient.

Think of 'common' goods that are traded, like coffee or oil.

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