commodity

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Related to Homogeneous products: Homogeneous catalyst

com·mod·i·ty

 (kə-mŏd′ĭ-tē)
n. pl. com·mod·i·ties
1. Something useful that can be turned to commercial or other advantage: "Left-handed, power-hitting third basemen are a rare commodity in the big leagues" (Steve Guiremand).
2. A product or service that is indistinguishable from ones manufactured or provided by competing companies and that therefore sells primarily on the basis of price rather than quality or style.
3. Archaic Advantage; benefit.

[Middle English commodite, from Old French convenience, from Latin commoditās, from commodus, convenient; see commodious.]

commodity

(kəˈmɒdɪtɪ)
n, pl -ties
1. (Economics) an article of commerce
2. something of use, advantage, or profit
3. (Economics) economics an exchangeable unit of economic wealth, esp a primary product or raw material
4. (Economics) a quantity of goods
5. convenience or expediency
[C14: from Old French commodité, from Latin commoditās suitability, benefit; see commodious]

com•mod•i•ty

(kəˈmɒd ɪ ti)

n., pl. -ties.
1. an article of trade or commerce, esp. a product as distinguished from a service.
2. something of use, advantage, or value.
3. any unprocessed or partially processed good, as a grain, fruit or vegetable, or a precious metal.
4. Obs. a quantity of goods.
[1375–1425; late Middle English commodite < Anglo-French < Latin commoditās timeliness, convenience <commod(us) (see commode)]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.commodity - articles of commercecommodity - articles of commerce      
artefact, artifact - a man-made object taken as a whole
staple, basic - (usually plural) a necessary commodity for which demand is constant
consumer goods - goods (as food or clothing) intended for direct use or consumption
drygoods, soft goods - textiles or clothing and related merchandise
entrant - a commodity that enters competition with established merchandise; "a well publicized entrant is the pocket computer"
export, exportation - commodities (goods or services) sold to a foreign country
fancy goods - goods that are chiefly ornamental
fungible - a commodity that is freely interchangeable with another in satisfying an obligation
future - bulk commodities bought or sold at an agreed price for delivery at a specified future date
import, importation - commodities (goods or services) bought from a foreign country
merchandise, product, ware - commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products"
middling - any commodity of intermediate quality or size (especially when coarse particles of ground wheat are mixed with bran)
shopping - the commodities purchased from stores; "she loaded her shopping into the car"women carrying home shopping didn't give me a second glance"
sporting goods - sports equipment sold as a commodity
worldly good, worldly possession - a commodity or good associated with the earthly, rather than the spiritual, existence of human beings
salvage - property or goods saved from damage or destruction

commodity

noun (usually plural) goods, produce, stock, products, merchandise, wares The government increased prices on several basic commodities.

commodity

noun
A product or products bought and sold in commerce:
good (used in plural), line, merchandise, ware.
Translations
سِلْعَه، بِضاعَه
druh zbožívýrobek
vare
avuhyödykemassahyödykeraaka-aine
vara
reikmuo
patēriņa priekšmetsprece
druh tovaru
malticarî eşya

commodity

[kəˈmɒdɪtɪ]
A. Nartículo m (de consumo or de comercio), producto m, mercancía f, mercadería f (LAm) (Fin, St Ex) → materia f prima
B. CPD commodity exchange Nbolsa f de artículos de consumo
commodity markets NPLmercados mpl de materias primas
commodity trade Ncomercio m de materias primas

commodity

[kəˈmɒdɪti] n
(= product) → marchandise f (= consumer good) → produit m, article m (= food) → denrée f

commodity

nWare f; (agricultural) → Erzeugnis nt; basic or staple commodities (natural) → Grundstoffe pl; (St Ex) → Rohstoffe pl; (manufactured) → Bedarfsgüter pl; (= foodstuffs)Grundnahrungsmittel pl; electricity is a commodity which every country needsStrom ist ein (Versorgungs)gut, das jedes Land braucht

commodity

[kəˈmɒdɪtɪ] nprodotto, articolo; (food) → derrata
basic commodities → beni mpl di prima necessità

commodity

(kəˈmodəti) plural comˈmodities noun
an article which is bought or sold. soap, toothpaste and other household commodities.
References in periodicals archive ?
Is chosen for the award criteria Lowest price because both electricity and natural gas are homogeneous products and distinctiveness of quality around the supply of electricity and natural gas is too small to provide an added value to the subgunningscriterium price for applying the most economically advantageous tender.
2 times better resolution for improved metal detection in lightweight, homogeneous products such as powders or cheese.
Homogeneous products and price control set by the Shanghai Stock Exchange led to close price in the market, which results in uncertainty when users make their choice.
The good news is that in a mature market with highly homogeneous products, well executed small differences can make you unique.
Formally demonstrating the existence of coordination failure underinvestment in the increasing marginal costs model is simply a matter of invoking the equivalence under quantity competition, observed by Vives (1990), between differentiated products with constant marginal costs and homogeneous products with increasing marginal costs, let inverse demand for the homogeneous good be