Dictionary Home »
Business » commodity
commodity business definition
- A generic, largely unprocessed good that can be processed and resold. Commodities traded in the financial markets for immediate or future delivery are grains, metals, and minerals. They are generally traded in very large quantities. Also called physical commodity. See also futures contract.
- A product that is difficult or impossible to differentiate from similar products from competitors. Pencils, computer memory chips, and light bulbs are examples of commodity products.
Learn more about commodity
Related Articles