Expressions used in Everyday Spoken English in Social and Professional contexts

commodity

commodity
Meaning(s)
1) material traded on international markets, a useful resource
  • How to MemorizePopularity HighProfessional HighSocial
    • water/grain/sugar are valuable commodities
  • Analysis
    A commodity is any good or object which can be traded or sold. A commodity retains its value regardless of who produces it. Usually, a commodity refers to raw or base materials. 
  • Professional Examples (Basic)
    1. The company specializes in recycling waste and turning it into a useful commodity.
    2. Water and Grain are probably the most valuable commodities on the global market. We will always need them.
    3. The Commodities Market deals with trading in wheat, sugar, coffee, and cocoa.
  • Social Examples (Basic)
    1. I joined a group which allows me to buy everyday commodities in bulk at a wholesale price.
    2. Investing in commodities such as gold can be a wise decision if the value of money is expected to plummet.
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