commodity
Pronunciation
Noun
B1 Intermediate
Quick answer
A raw material or basic product that can be bought and sold, such as oil, wheat, or gold.
Synonyms and antonyms
Usage notes
"Commodity" is a specific economic term for a raw, tradeable good, distinct from a finished, branded product.
Test yourself
In your own words, what does "commodity" mean?
A raw material or basic product that can be bought and sold, such as oil, wheat, or gold.
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