Download the app
educalingo
Search
Top-up fees mean that universities are increasingly under pressure to confer degrees upon students, who perceive the degree as a commodity they've purchased. Failure doesn't enter into anyone's calculations.
Sarah Churchwell

Meaning of "commodity" in the English dictionary

Dictionary
DICTIONARY
section

ETYMOLOGY OF THE WORD COMMODITY

From Old French commodité, from Latin commoditās suitability, benefit.
info
Etymology is the study of the origin of words and their changes in structure and significance.
facebooktwitterpinterestwhatsapp
section

PRONUNCIATION OF COMMODITY

commodity  [kəˈmɒdɪtɪ] play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF COMMODITY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Commodity is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES COMMODITY MEAN IN ENGLISH?

commodity

Commodity

In economics, a commodity is a marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services. The exact definition of the term commodity is specifically used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market. A commodity has full or partial fungibility; that is, the market treats its instances as equivalent or nearly so with no regard to who produced them. "From the taste of wheat it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist." Petroleum and copper are other examples of such commodities, their supply and demand being a part of one universal market. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface and the perceived quality. The demand for one type of stereo may be much larger than demand for another. In contrast, one of the characteristics of a commodity good is that its price is determined as a function of its market as a whole.

Definition of commodity in the English dictionary

The first definition of commodity in the dictionary is an article of commerce. Other definition of commodity is something of use, advantage, or profit. Commodity is also an exchangeable unit of economic wealth, esp a primary product or raw material.

WORDS THAT RHYME WITH COMMODITY


absurdity
əbˈsɜːdɪtɪ
acidity
əˈsɪdɪtɪ
aridity
əˈrɪdɪtɪ
comorbidity
ˌkəʊmɔːˈbɪdɪtɪ
cupidity
kjuːˈpɪdɪtɪ
discommodity
ˌdɪskəˈmɒdɪtɪ
ditty
ˈdɪtɪ
fluidity
fluːˈɪdɪtɪ
heredity
hɪˈrɛdɪtɪ
humidity
hjuːˈmɪdɪtɪ
incommodity
ˌɪnkəˈmɒdɪtɪ
invalidity
ˌɪnvəˈlɪdɪtɪ
liquidity
lɪˈkwɪdɪtɪ
morbidity
mɔːˈbɪdɪtɪ
nudity
ˈnjuːdɪtɪ
oddity
ˈɒdɪtɪ
rapidity
rəˈpɪdɪtɪ
rigidity
rɪˈdʒɪdɪtɪ
stupidity
stjuːˈpɪdɪtɪ
turbidity
tɜːˈbɪdɪtɪ

WORDS THAT BEGIN LIKE COMMODITY

commode
commodification
commodified
commodifies
commodify
commodious
commodiously
commodiousness
commodities
commoditise
commoditize
commodity exchange
commodity loan
commodity markets
commodity trade
commodity-producing countries
commodo
commodore
Commodus
common

WORDS THAT END LIKE COMMODITY

avidity
crudity
face validity
fecundity
flaccidity
frigidity
gravidity
hybridity
hyperacidity
lividity
lucidity
modulus of rigidity
placidity
putridity
rancidity
relative humidity
solidity
superfluidity
timidity
validity

Synonyms and antonyms of commodity in the English dictionary of synonyms

SYNONYMS

SYNONYMS OF «COMMODITY»

The following words have a similar or identical meaning as «commodity» and belong to the same grammatical category.
synonyms of commodity

Translation of «commodity» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF COMMODITY

Find out the translation of commodity to 25 languages with our English multilingual translator.
The translations of commodity from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «commodity» in English.

Translator English - Chinese

商品
1,325 millions of speakers

Translator English - Spanish

mercancía
570 millions of speakers

English

commodity
510 millions of speakers

Translator English - Hindi

जिंस
380 millions of speakers
ar

Translator English - Arabic

السلع
280 millions of speakers

Translator English - Russian

товар
278 millions of speakers

Translator English - Portuguese

mercadoria
270 millions of speakers

Translator English - Bengali

পণ্য
260 millions of speakers

Translator English - French

marchandise
220 millions of speakers

Translator English - Malay

Komoditi
190 millions of speakers

Translator English - German

Ware
180 millions of speakers

Translator English - Japanese

商品
130 millions of speakers

Translator English - Korean

상품
85 millions of speakers

Translator English - Javanese

Komoditas
85 millions of speakers
vi

Translator English - Vietnamese

hàng hóa
80 millions of speakers

Translator English - Tamil

பொருட்கள்
75 millions of speakers

Translator English - Marathi

कमोडिटी
75 millions of speakers

Translator English - Turkish

emtia
70 millions of speakers

Translator English - Italian

prodotto
65 millions of speakers

Translator English - Polish

towar
50 millions of speakers

Translator English - Ukrainian

товар
40 millions of speakers

Translator English - Romanian

marfă
30 millions of speakers
el

Translator English - Greek

εμπόρευμα
15 millions of speakers
af

Translator English - Afrikaans

kommoditeit
14 millions of speakers
sv

Translator English - Swedish

råvara
10 millions of speakers
no

Translator English - Norwegian

handelsvare
5 millions of speakers

Trends of use of commodity

TRENDS

TENDENCIES OF USE OF THE TERM «COMMODITY»

The term «commodity» is very widely used and occupies the 13.571 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Very widely used
94
/100
The map shown above gives the frequency of use of the term «commodity» in the different countries.
Principal search tendencies and common uses of commodity
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «commodity».

FREQUENCY OF USE OF THE TERM «COMMODITY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «commodity» during the past 500 years. Its implementation is based on analysing how often the term «commodity» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about commodity

EXAMPLES

10 QUOTES WITH «COMMODITY»

Famous quotes and sentences with the word commodity.
1
Gautam Adani
Any commodity that sees its price going higher will see new mines opening up. When the supply increases, the prices soften. When prices fall, some mines with higher production costs will shut down as they become unviable.
2
Marcia Angell
Health care is a need; it's not a commodity, and it should be distributed according to need. If you're very sick, you should have a lot of it. If you're not sick, you shouldn't have a lot of it.
3
Carol Bartz
The fact that you can crawl the web is a commodity.
4
Omar Bongo
For about ten years now, the struggle for democracy and the respect of human rights has been in the focus point - if not a commodity - of political groups aiming to rise to power.
5
Leonard Boswell
Barge traffic on the Mississippi River represents the most efficient, most cost-effective, most environmentally sound means of transporting commodity goods from this region of the country to market.
6
James Buchan
A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.
7
Ana Castillo
For things to have value in man's world, they are given the role of commodities. Among man's oldest and most constant commodity is woman.
8
Sarah Churchwell
Top-up fees mean that universities are increasingly under pressure to confer degrees upon students, who perceive the degree as a commodity they've purchased. Failure doesn't enter into anyone's calculations.
9
Adam Clayton
The art market was very different before the mid-1980s: then, art was all about passion, whereas now it's become a commodity.
10
Peter Cushing
You see I don't like to be really too commercial about things but in this business you've just got to be commercial otherwise the films don't make money and you don't make films and as a long as a commodity is selling it's silly to kill it dead.

10 ENGLISH BOOKS RELATING TO «COMMODITY»

Discover the use of commodity in the following bibliographical selection. Books relating to commodity and brief extracts from same to provide context of its use in English literature.
1
Commodities and Commodity Derivatives: Modeling and Pricing ...
This book covers hard and soft commodities (energy, agriculture and metals) and analyses: Economic and geopolitical issues in commodities markets Commodity price and volume risk Stochastic modelling of commodity spot prices and forward ...
Helyette Geman, 2009
2
Frontiers of Commodity Chain Research
Featuring new contributions by leading globalization scholars, this timely volume analyzes the organization, geography, politics, and power dynamics of international trade and production networks understood as global commodity chains.
Jennifer Bair, 2009
3
Commodity Derivatives: Markets and Applications
"This is a timely book, written with great clarity, and full of valuable insights.
Neil C. Schofield, 2011
4
Commodity Options: Trading and Hedging Volatility in the ...
In this book, two of the field’s most respected analysts present strategies built from the ground up for commodity options.
Carley Garner, Paul Brittain, 2009
5
The Commodity Culture of Victorian England: Advertising and ...
"Richards provides a valuable account of the interaction between cultural and business development in Victorian England by focusing on the evolution of advertising.
Thomas Richards, 1991
6
Cultures of Commodity Branding
Bringing together the work of cultural anthropologists and archaeologists, this volume forces contemporary business and economics thinkers to reassess the linkage between branding and capitalism as well as adding an important new concept to ...
Andrew Bevan, David Wengrow, 2010
7
The Age of Commodity: Water Privatization in Southern Africa
This is an examination of the numbers involved, their profile, behaviour, impacts and the relevant policy responses. The v
David Alexander McDonald, Greg Ruiters, 2005
8
From Silver to Cocaine: Latin American Commodity Chains and ...
This book makes a strong statement about the direction of future research: it should be required reading for anyone interested in the economic history of Latin America, broadly conceived.
Steven Topik, Carlos Marichal, Zephyr Frank, 2006
9
Commodity Activism: Cultural Resistance in Neoliberal Times
Buying (RED) productsofrom Gap T-shirts to Appleoto fight AIDS. Drinking a ""Caring Cup"" of coffee at the Coffee Bean & Tea Leaf to support fair trade. Driving a Toyota Prius to fight global warming.
Roopali Mukherjee, Sarah Banet-Weiser, 2012
10
Diary of a Professional Commodity Trader: Lessons from 21 ...
If that is your destination, this is your ticket." —Robert Prechter, Elliott Wave International "This book is insanely great. The refreshing clarity this book brings to the table is brilliant.
Peter L. Brandt, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «COMMODITY»

Find out what the national and international press are talking about and how the term commodity is used in the context of the following news items.
1
Australian shares tumble on commodity falls and stock market …
Comments. 0. Big falls in commodity prices and more turmoil on Shanghai's stock market have pushed Australian shares deep into the red. «The Guardian, Jul 15»
2
Commodity carnage: broad sell-off in metals and energy …
Three key commodities for Australia hit six-year lows on Tuesday night as commodity prices enter bear market territory and edge towards ... «Sydney Morning Herald, Jul 15»
3
Glencore sinks amid commodity rout
Glencore hit a record low on Tuesday as a commodity rout revived concerns about its balance sheet strength. Copper's six-year low and bear ... «Financial Times, Jul 15»
4
Commodity Slump 2.0
The fear in the commodity market appears to be that of China's equity slump feeding into the country's already weak and imbalance-ridden ... «Livemint, Jul 15»
5
Tough Times Ahead for Commodity Exporters
Times are tough for commodity producers and emerging markets. And, if anything, they're likely to get tougher still. Oil, precious metals and ... «Wall Street Journal, Jul 15»
6
Commodity bourse MCX set to launch an international gold contract …
MUMBAI: Punters who run illegal, leveraged gold trades on overseas bourses will now be disincentivised to do so with the country's largest ... «Economic Times, Jul 15»
7
Dollar gains vs. Australian dollar as commodity prices tumble, China …
"It's more a commodity story that's impacting currencies,"said Tim Kelleher, head of institutional FX sales NZ at ASB Institutional in Auckland. «The National Business Review, Jul 15»
8
Commodity-Sensitive Currencies Sink While Greek Fears Rankle
However, it's the U.S. dollar that continues to exhibit broad strength against major and commodity-related pairs due to concerns over Greece ... «Forbes, Jul 15»
9
NZ dollar drops as commodity prices fall
The New Zealand dollar touched a fresh five-year low overnight as commodity prices fell on concern about waning demand. The kiwi touched ... «3News NZ, Jul 15»
10
Euro sinks to five-week low vs. dollar; commodity currencies slump
Meanwhile, commodity currencies fell sharply, with the Australian dollar hitting a six-year low as Chinese stock markets went into a tailspin. «Reuters, Jul 15»

REFERENCE
« EDUCALINGO. Commodity [online]. Available <https://educalingo.com/en/dic-en/commodity>. Apr 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z