commodity definition economics

We Asked, You Answered. Describe 2020 In Just One Word? Send us feedback. What Is The Difference Between “It’s” And “Its”? Taylor knows not only the value of her commodity, but also how to control it. If they run off with somebody else, we say they were stolen—as if they are an object or a commodity. Why Do “Left” And “Right” Mean Liberal And Conservative? Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! “Affect” vs. “Effect”: Use The Correct Word Every Time. In fact, Goldman is tracking cross-border investment flows into equities, commodities and fixed-income assets. Delivered to your inbox! To lay duties on a commodity exported, which our neighbors want, is a knavish attempt to get something for nothing. 10 Types Of Nouns Used In The English Language. 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… There is therefore nothing deleterious in the usual practice of adulterating this commodity of the table. How To Determine Subject vs. Predicate In A Sentence. an anxiety disorder in which patients are driven to repeat the same act, such as washing their hands, over and over again, usually for many hours. Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012. 15th century, in the meaning defined at sense 1, Middle English commoditee, from Anglo-French, from Latin commoditat-, commoditas, from commodus. Natural resources such as oil as well as basic foods like corn are two common types of commodities. Commodity definition is - an economic good: such as. Published by Houghton Mifflin Harcourt Publishing Company. The woman is a commodity to make money—the dowry becomes a business transaction. Left-handed pitching has long been one of the most prized commodities in professional baseball. Learn a new word every day. In economics, a commodity is defined as a tangible good that can be bought and sold or exchanged for products of similar value. Please tell us where you read or heard it (including the quote, if possible). an article of trade or commerce, especially a product as distinguished from a service. Can you spell these 10 commonly misspelled words? 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. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'commodity.' Accessed 16 Oct. 2020. Commodities include agricultural products, fuels, and metals and are traded in bulk on a commodity exchange or spot market. Commodity definition, an article of trade or commerce, especially a product as distinguished from a service. anxiety caused by a dread of environmental perils, especially climate change.. the state of concern about the future of one's economic prospects. Other people have suggested that we ought to have accounted for incumbency in the uncertainty index, on the theory that when incumbents are running for reelection, they are known commodities, which should reduce volatility. How to use commodity in a sentence. Dictionary.com Unabridged The New Dictionary of Cultural Literacy, Third Edition What made you want to look up commodity? Our Election Forecast Didn’t Say What I Thought It Would, Taylor Swift Dumps Spotify, Igniting Turf War Between Spotify and Apple, Murdoch on the Rocks: How a Lone Reporter Revealed the Mogul's Tabloid Terror Machine, A Contribution to The Critique Of The Political Economy. any unprocessed or partially processed good, as grain, fruits, and vegetables, or precious metals. More than any other media proprietor, Rupert Murdoch had an intuitive revelation about the value of news as a commodity. “Commodity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/commodity. commodity: A reasonably interchangeable good or material, bought and sold freely as an article of commerce. A Treatise on Adulterations of Food, and Culinary Poisons, The Diplomatic Correspondence of the American Revolution, Volume 3. Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. If we begin to see the other as our possession and commodity, our shoe, the shadow of our shadow, is there ever a happy outcome? Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. With us, education is a commodity to be trafficked in: abroad, it is a duty. Or something like that. The real costs which the price of a commodity measures are not absolute, but comparative. As the years passed, paracord became a common civilian commodity. Other articles where Commodity is discussed: economics: Definition: …prices—not only the prices of goods and services but the prices of the resources used to produce them. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? 2, July, 1850. 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. Get ready to roister about a perfect score on the words from October 5–11, 2020! Test Your Knowledge - and learn some interesting things along the way. See more. 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. “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Harper's New Monthly Magazine, Volume 1, No. How to use a word that (literally) drives some pe... Name that government! All rights reserved. an exchangeable unit of economic wealth, esp a primary product or raw material, This essential survival tool can save your life 10 different ways, There’s (digital) gold in them thar hills: Crypto giant DCG is betting $100 million on mining Bitcoin in North America, Investors continue to push global stocks into record territory. Commodity: A commodity is a basic good used in commerce that is interchangeable with other commodities of the same type; commodities are most often used as … The value of a commodity is not affected by the number of commodities of other kinds. What Really Gives Left-Handed Pitchers Their Edge? Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition

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