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  • commodity

    Related Terms
    A reasonably interchangeable good or material, bought and sold freely as an article of commerce. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity exchange or spot market.

    Use 'commodity' in a Sentence

    In Iowa, corn is a commodity that is widely produced, especially when growing conditions are optimal, and is even exported to other countries.
    27 people found this helpful
    Some stock traders deal primarily with safe bets like natural resourse stocks because of the stable price range of that commodity
    18 people found this helpful
    In Iowa, corn is a very hot commodity that is widely produced, especially when growing conditions are optimal, and is even exported to supply the food source in other countries.
    5 people found this helpful


    Notable Quotable

    The Intelligence Behind Businesses Competing with Commodities
    "In a business selling a commodity-type product, it's impossible to be a lot smarter than your dumbest competitor."
    - Warren Buffett


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