trading
commodity
A basic good or raw material that is interchangeable with others of the same type, such as oil, gold, or wheat.
Example
"Oil is the most traded commodity in the world."
💡 Memory Tip
COMMOD-ity — a common product. Commodities are common, standardized goods.
Etymology
From Latin 'commoditas' meaning 'convenience, advantage' — goods of practical use.
Common Misspellings
comoditycommodetycommodatycommondity
Related Terms
See Also
raw materialstrading