commodity
Từ điển Collocation
commodity noun
1 product/raw material
ADJ. basic, important, primary | cheap | expensive | rare, scarce Coal is becoming a rare commodity. | export, marketable, saleable | perishable | agricultural, industrial basic agricultural commodities
VERB + COMMODITY produce
COMMODITY + NOUN market | futures, prices | export, trade, trading | broker, trader
PHRASES trade in commodities
2 sth that is useful
ADJ. precious, valuable Time is a very valuable commodity. | rare, scarce
Từ điển WordNet
Bloomberg Financial Glossary
商品商品
A commodity is food, metal, or another fixed physical substance that investors buy or sell, usually via futures contracts.
Investopedia Financial Terms
Commodity
1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers. When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.
2. Any good exchanged during commerce, which includes goods traded on a commodity exchange.
Investopedia Says:
1. The basic idea is that there is little differentiation between a commodity coming from one producer and the same commodity from another producer - a barrel of oil is basically the same product, regardless of the producer. Compare this to, say, electronics, where the quality and features of a given product will be completely different depending on the producer. Some traditional examples of commodities include grains, gold, beef, oil and natural gas. More recently, the definition has expanded to include financial products such as foreign currencies and indexes. Technological advances have also led to new types of commodities being exchanged in the marketplace: for example, cell phone minutes and bandwidth.
2. The sale and purchase of commodities is usually carried out through futures contracts on exchanges that standardize the quantity and minimum quality of the commodity being traded. For example, the Chicago Board of Trade stipulates that one wheat contract is for 5,000 bushels and also states what grades of wheat (e.g. No. 2 Northern Spring) can be used to satisfy the contract.
English Synonym and Antonym Dictionary
commodities
syn.: article product ware
