WordValenoun
commodity
a raw material traded in bulk, like oil or wheat
In more detail
1. (noun) a basic product or raw material that is bought and sold in large quantities, such as oil, wheat, or coffee
2. (noun) any product or thing that can be bought and sold
Examples
- 1. Oil is one of the most important commodities traded on international markets.
- 2. In modern society, time has become a valuable commodity.
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