commodities
Pronunciation:
/kəˈmɒdətiz//kəˈmɑdətiz/noun
Definitions
Anything movable (a good) that is bought and sold.
Something useful or valuable.
Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
Example: The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
Example: Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.