commodity

US /kəˈmɑdɪti/

UK /kə'mɒdətɪ/

B1
n. (c./u.)Noun (Countable/Uncountable)Something useful or valuable, usually for sale
Crude oil is the world's most essential commodity
n. (c./u.)Noun (Countable/Uncountable)A valuable quality or thing.
Time is a valuable commodity in today's fast-paced world.
n. (c./u.)Noun (Countable/Uncountable)In economics, a basic good used in commerce that is interchangeable with other commodities of the same type.
Economists study the supply and demand of various commodities.
adj.AdjectiveSomething that is treated as a simple object of trade or commerce, rather than valued for its intrinsic qualities.
The labor of the workers was treated as a mere commodity.

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