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: an article of trade or commerce, especially a product as distinguished from a service. See examples of commodity used 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.

The latest commodity trading prices for oil, natural gas, gold, silver, wheat, corn and more on the U.S. commodities & futures market.

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

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

Nov 5, 2025 · Learn how commodity markets work, explore the types of commodities traded, and understand how investors benefit in these critical global markets.

Definition of commodity noun from the Oxford Advanced Learner's Dictionary. (economics) a product or a raw material that can be bought and sold. Crude oil is the world's most important commodity.

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 …