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Definitions from the Web

Commodities

Noun: Commodities refer to raw materials or agricultural products that can be bought and sold, typically in large quantities.

Senses:

1. Goods that are interchangeable with other goods of the same type and have uniform quality, such as oil, gold, or wheat.
2. An object or article of trade or commerce.

Popular usage:

Commodities are essential in the global market as they form the foundation of various industries and economic activities. They are often traded on exchanges and are subject to price fluctuations influenced by supply and demand.

For example: The price of crude oil, one of the most widely traded commodities, affects the cost of gasoline and other petroleum-based products.

Local usage:

In local markets, commodities like fresh fruits, vegetables, and grains are commonly bought and sold by individuals or small-scale traders.

For example: The local market offers a wide range of commodities, including locally grown organic fruits and vegetables.

Sample sentences:

1. The mining company exports various commodities such as iron ore and copper.
2. Investors often diversify their portfolios by including commodities alongside stocks and bonds.
3. She decided to start a business in the local market, focusing on organic commodities.

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