Noun: commodity ku'mó-di-tee
- A raw material or product that is bought and sold commercially in large quantities
"Spices were valuable trade commodities during the Age of Exploration";
- trade good, good
- Something useful or valuable
"In times of drought, water becomes a precious commodity"
Derived forms: commodities
Type of: artefact [Brit], artifact [N. Amer]
Encyclopedia: Commodity