The New Dictionary of Cultural Literacy, Third Edition Left-handed pitching has long been one of the most prized commodities in professional baseball. “Commodity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commodity. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition anxiety caused by a dread of environmental perils, especially climate change.. the state of concern about the future of one's economic prospects. 2, July, 1850. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. According to Colyer, these failures often arise because companies fail to understand the cyclical nature of crypto mining, which he likens to the price swings that occur in commodity markets. More than any other media proprietor, Rupert Murdoch had an intuitive revelation about the value of news as a commodity. Please tell us where you read or heard it (including the quote, if possible). In economics, a commodity is defined as a tangible good that can be bought and sold or exchanged for products of similar value. Sable Permian filed for chapter 11 protection in June as a parade of oil-and-gas exploration and production companies buckled amid low, Though Zambia has been borrowing with abandon for years, its problems stem in part from falling, On Etsy, one of the largest online marketplaces for crafters, face masks have become the hottest new, Artificial intelligence has been much in the news lately, driven by ever cheaper computer processing power that has become effectively a near universal, Most farmers will receive payments based on estimates of losses in, In fact, home office desks for kids and adults are such a hot, Because of the pandemic keeping everyone home, webcams have become a hot, Post the Definition of commodity to Facebook, Share the Definition of commodity on Twitter, ‘Fascism’: The Word’s Meaning and History. Test Your Knowledge - and learn some interesting things along the way. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? To lay duties on a commodity exported, which our neighbors want, is a knavish attempt to get something for nothing. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'commodity.' This involves the discovery of two key elements: what governs the way in which human labour, machines, and land are combined in production and how buyers and sellers are brought together in… See the full definition for commodity in the English Language Learners Dictionary, Thesaurus: All synonyms and antonyms for commodity, Nglish: Translation of commodity for Spanish Speakers, Britannica English: Translation of commodity for Arabic Speakers, Britannica.com: Encyclopedia article about commodity. “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? There is therefore nothing deleterious in the usual practice of adulterating this commodity of the table. We Asked, You Answered. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity exchange or spot market.

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