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commodity

Pronunciation: [kəˈmɒdəti]

Word

Learn how to use commodity in a sentence: 9 audio examples across 3 meanings.

Context: “economics”

(noun) a basic product that can be bought and sold. Think of things like food, or oil, which are needed by many people and can be traded in markets.

Example

Gold is a valuable commodity that many people invest in.

Example

Water is not typically sold as a commodity in some places, making it hard for people to get it.

Example

What commodity do you think is most important for everyday life?

Context: “trade”

(noun) any product or item that is traded. This can include food, clothing, or materials that people want to buy or sell.

Example

Coffee is a popular commodity that many countries export.

Example

Toys are not the main commodity traded during the winter season compared to other goods.

Example

Which commodity do you think people purchase the most?

Context: “general use”

(noun) a useful item that people can use in their everyday lives, often referring to something that is common or ordinary.

Example

Sugar is a common commodity found in almost every home.

Example

Luxury cars are not seen as a commodity; they are special items that not everyone can afford.

Example

What is a commodity that everyone in your class uses?

How to pronounce commodity

Pronunciation: [kəˈmɒdəti]

Listen and repeat as many times as you need.

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