What does Commodities mean?

Definitions for Commodities
com·modi·ties

This dictionary definitions page includes all the possible meanings, example usage and translations of the word Commodities.


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Wiktionary

  1. commoditiesnoun

    Plural form of commodity.

Wikipedia

  1. commodities

    In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or service available for purchase in the market. In such standard works as Alfred Marshall's Principles of Economics (1920) and Léon Walras's Elements of Pure Economics ([1926] 1954) 'commodity' serves as general term for an economic good or service.

Webster Dictionary

  1. Commodities

    of Commodity

Editors Contribution

  1. commodities

    Plural form of the word commodity.

    Commodities are part of an economy.


    Submitted by MaryC on March 14, 2020  

How to pronounce Commodities?

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Numerology

  1. Chaldean Numerology

    The numerical value of Commodities in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of Commodities in Pythagorean Numerology is: 8

Examples of Commodities in a Sentence

  1. Frances Seymour:

    Vast areas continue to be cleared for soy, beef, palm oil and other globally traded commodities. Much of this clearing is illegal.

  2. Nicolas Robin:

    Copper is one of the commodities that is most affected by China and we are still bearish there.

  3. Larry Kudlow:

    We are making headway in a lot of areas. That includes enforcement, that includes IP theft, that includes forced technology transfers, ownership, cyberspace, commodities and all the rest of it, those are of course in the middle of the negotiations that are ongoing, but we've come further and farther than ever before.

  4. Carl Levin:

    If you like what Wall Street did for the housing market, you'll love what Wall Street is doing for commodities, Goldman's ability to influence any portion of the price for a key component of the industrial economy is simply unacceptable.

  5. James McCormack:

    If you look at the negative outlooks that are in place today there is a disproportionate number of them that are accounted for by emerging markets that are net exporters of commodities, regionally that leads to the Middle East and Africa and secondarily to Latin America. So that is where we expect to see continued downward pressure on ratings in 2016.

Popularity rank by frequency of use

Commodities#1#9181#10000

Translations for Commodities

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"Commodities." Definitions.net. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.definitions.net/definition/Commodities>.

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