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IELTS word

commodity

/kəˈmɑː.də.t̬i/noun

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English definition

a product bought and sold in large amounts

Common phrases / collocations

  1. agricultural commodity
  2. commodity price
  3. basic commodity

Example sentences

  1. 1.

    Wheat was the main commodity sold at the market.

  2. 2.

    Oil is an important commodity.

  3. 3.

    Commodity prices rose this year.

Visual learning

See the meaning

Workers stack many identical sacks of wheat at a busy wholesale grain market.
a product bought and sold in large amounts
1wheat in bulk
2buyers trade it
wheat in bulk→buyers trade it