commodity
Pronunciation: [kəˈmɒdəti]
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?