commodity
Meaning
A commodity is a basic good or raw material that is interchangeable with other goods of the same type, often used as a fundamental component in the production of other goods or services, and typically characterized by its fungibility and standardization i
💡 While "commodity" often refers to physical goods like oil or wheat, it can also encompass intangible assets such as digital currencies; care should be taken to specify the context to avoid ambiguity.
Example Sentences
Word in Context
Every
morning
the
caf
é
owner
counts
the
sacks
of
beans
and
updates
the
inventory
on
a
tablet
.
He
knows
coffee
is
traded
like
any
other
commodity
,
so
its
price
can
fluctuate
unexpectedly
and
affect
the
monthly
budget
.
Because
customers
expect
consistent
flavor
,
he
prefers
to
procure
a
few
reliable
suppliers
rather
than
switching
every
time
there
is
a
small
discount
.
On
slow
days
he
experiments
with
grind
size
and
extraction
time
,
believing
small
adjustments
can
compensate
for
minor
variations
in
bean
quality
.
When
a
local
roaster
offers
better
transparency
about
origin
and
processing
,
he
chooses
that
roaster
to
build
a
more
sustainable
relationship
.
This
steady
approach
keeps
customers
satisfied
and
helps
the
business
absorb
market
swings
without
compromising
taste
.
Common Phrases
commodity market
commodity trading
primary commodity
Synonyms
Related Words
Never forget "commodity"
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