In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with …

The meaning of COMMODITY is an economic good. How to use commodity in a sentence.

COMMODITY definition: 1. a substance or product that can be traded, bought, or sold: 2. a valuable quality: 3. a…. Learn more.

Find out what defines a commodity, what types of commodities there are, and what factors determine global commodity supply and demand.

Sep 19, 2025 · Commodities are traded on commodity exchanges and serve as the underlying investment for commodities futures and options contracts.

COMMODITY meaning: 1 : something that is bought and sold; 2 : something or someone that is useful or valued

Find the latest commodity prices including News, Charts, Realtime Quotes and even more about commodities.

Aug 7, 2025 · Commodities are undifferentiated products. They are distinct from branded products like cars, watches, or smartphones, which are generally identified by the company that makes them. …

Aug 26, 2025 · A commodity is more than just a raw material—it is a cornerstone of global trade, economics, and financial markets. Defined by its fungibility, standardisation, and universal demand, a …

A commodity is a raw material or primary agricultural product used to produce other goods. Unlike branded products, commodities are standardized and undifferentiated, which means their quality and …