The correct definition of "commodity" in this context is:
- something that can be purchased
A commodity typically refers to a basic good or raw material that can be bought and sold, such as agricultural products, metals, or fuels.
from The Economic Report of the President
However, experience within the past year has demonstrated, on a small scale, some of the dangers that may result from holding the support level for any commodity too high.
(from "The Economic Report of the President" by President Harry S. Truman)
What does the word commodity mean?
1. something expensive
2. something complicated
3. something that can be purchased
• 4. something that can be difficult to obtain
1 answer