WebMar 23, 2024 · commodity in British English. (kəˈmɒdɪtɪ ) noun Word forms: plural -ties. 1. an article of commerce. 2. something of use, advantage, or profit. 3. economics. an exchangeable unit of economic wealth, esp a primary product or raw material. WebOct 23, 2024 · Commodities as a Business Term In business, commodities can be defined as any good or service that is bought and sold purely on price. These include the traded commodities. They can also include products that are not differentiated from others based on brand, benefits, or other distinguishing features.
Examples of "Commodity" in a Sentence YourDictionary.com
Web1 views, 0 likes, 0 loves, 0 comments, 0 shares, Facebook Watch Videos from HWC Sunday School I John: HWC Sunday School I John was live. Webcommodity Meanings Synonyms Sentences By far the most important commodity is petroleum, fully one-half of the total value. 121 54 Information was obviously a free … the people church princeton il
What Is a Commodity and Understanding Its Role in the Stock …
WebThese products are usually used as input to a specific outcome or a product. There are many real-life examples of commodities like wood, oil, purified water, and more of the like. Precious metals are astute examples of a commodity. Gold has a high demand in the jewelry industry due to its widespread usage, while iron has a more practical usage ... Web: the exchange or buying and selling of goods, commodities, property, or services especially on a large scale and involving transportation from place to place : trade sense 2 see also … Webcommodity Meanings Synonyms Sentences By far the most important commodity is petroleum, fully one-half of the total value. 121 54 Information was obviously a free commodity in this area. 153 94 There they can see the world commodity prices for their produce in real time. 68 38 the people code