commodities
Pronunciation: [kəˈmɒdətiːz]
Word
Context: "economics"
(noun) items or products that are traded and can be bought and sold, like food and metals. Think of things you use every day, like coffee or gold.
Example
Many farmers grow commodities like corn and wheat for sale in markets.
Example
Rarely do commodities like gold become worthless; they usually have value.
Example
What types of commodities do you think are most important for our economy?
Context: "general use"
(noun) basic products that people rely on. This could include things like water, energy, or any service that is essential for living.
Example
Electricity is a necessary commodity that everyone uses in their homes.
Example
Luxury items are not considered commodities because they are not needed for survival.
Example
Which commodities do you think will be in high demand this summer?
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