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commodity definition

com·mod·ity (kə mäd′ə tē)

noun pl. commodities -·ties

  1. any useful thing
  2. anything bought and sold; any article of commerce
  3. basic items or staple products, as of agriculture or mining
  4. Archaic personal advantage

Etymology: ME & OFr commodite, benefit, profit < L commoditas, fitness, adaptation < commodus: see commode

Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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