noun · academic
commodity
UK/kəˈmɒdəti/US/kəˈmɑːdəti/com·MO·di·ty
Band 5-6task1task2
a product or raw material that can be bought and sold, especially an agricultural or mining product
Examples
“Oil is a valuable commodity.”
“Food commodities are traded on international markets.”
“The price of agricultural commodities rose sharply.”
Band 8 sentence
“Volatility in commodity prices can seriously affect developing economies that rely on exports.”
Collocations
- commodity prices
- primary commodity
- commodity market
Word family
commodities plural nouncommodity trading noun phrase
Common mistakes
product→commodity
ware→commodity
Say it for a higher band
5product→6goods→7+commodity
Synonyms
product
goods
Easily confused
product
“The company launched a new product last month.”
Related words
Learn this word with the rest of its set, and get reminded at the right time.
In Sublist 8
Learn it with its set