commodity

Definition

Anything movable (a good) that is bought and sold.

Etymology

From Middle English commoditee, from Anglo-Norman commoditee, from Latin commoditās.

Example Sentences

• "It is with the help of the commodity concept that the mechanism of the market is geared to the various elements of industrial life. Commodities are here empirically defined as objects produced for sale on the market; […]. But labor, land, and money are obviously not commodities; the postulate that anything that is bought and sold must have been produced for sale is emphatically untrue in regard to them."
• "If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity."
• "In human geography "commodities" usually refers to goods and services which are bought and sold. The simplest commodities are those produced by the production system just before they are sold."