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 …

The meaning of COMMODITY is an economic good. How to use commodity in a sentence.

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

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

Sep 19, 2025 · Commodities are traded on commodity exchanges and serve as the underlying investment for commodities futures and options contracts.

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

COMMODITY definition: 1. a substance or product that can be traded, bought, or sold: 2. a valuable quality: 3. a…. Learn more.

COMMODITY meaning: 1 : something that is bought and sold; 2 : something or someone that is useful or valued

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

Frequently Asked Questions What is a commodity? A commodity is a basic good that is interchangeable with other goods of the same type.