Commodity for Dummies
noun
pronunciation: kə'mɑdɪtiWhat does Commodity really mean?
Commodity is a word that might sound a little bit complicated at first, but don't worry, I'm here to help you understand it in the simplest way possible! So, imagine you're going to a grocery store with your mom. Inside the store, you can find lots of different things like fruits, vegetables, snacks, drinks, and more. These things are all called commodities!
But wait, there's more! The word "commodity" can also mean something that is bought and sold. It's like when your mom or dad goes shopping and they buy things like clothes, toys, books, or even a bicycle. All these things that people buy and sell are called commodities too!
Now, let me give you an example to make it even clearer. Imagine that you have a toy car that you no longer play with. Maybe you want to get a new toy instead, right? So, you and your mom decide to sell the toy car to someone else who might enjoy playing with it. In this case, the toy car becomes a commodity because it is something that is bought and sold. Just like how you bought it when you got it and now someone else wants to buy it from you!
To sum it all up, a commodity is something that can be bought or sold, like the things you see in the grocery store or the items your parents bring home from shopping! Keep in mind that it can be anything, from food to clothes to toys and much more! Just remember, the next time you go to the store or when your parents buy something, you can tell them that it's a commodity!
But wait, there's more! The word "commodity" can also mean something that is bought and sold. It's like when your mom or dad goes shopping and they buy things like clothes, toys, books, or even a bicycle. All these things that people buy and sell are called commodities too!
Now, let me give you an example to make it even clearer. Imagine that you have a toy car that you no longer play with. Maybe you want to get a new toy instead, right? So, you and your mom decide to sell the toy car to someone else who might enjoy playing with it. In this case, the toy car becomes a commodity because it is something that is bought and sold. Just like how you bought it when you got it and now someone else wants to buy it from you!
To sum it all up, a commodity is something that can be bought or sold, like the things you see in the grocery store or the items your parents bring home from shopping! Keep in mind that it can be anything, from food to clothes to toys and much more! Just remember, the next time you go to the store or when your parents buy something, you can tell them that it's a commodity!
Revised and Fact checked by Robert Williams on 2023-10-28 06:13:53
Commodity In a sentece
Learn how to use Commodity inside a sentece
- A commodity is something that we use every day, like a smartphone. It is something that we can buy and sell.
- Milk is a commodity because it is something we consume and it can be bought and sold in grocery stores.
- Oil is a commodity because it is something that is extracted from the ground and used in many different ways, like making gasoline for cars.
- Corn is a commodity because it is a crop that farmers grow and sell to be used in various food products.
- Gold is a commodity because it is a shiny metal that is valuable and can be traded or sold for money.
Commodity Synonyms
Words that can be interchanged for the original word in the same context.
Commodity Hypernyms
Words that are more generic than the original word.
Commodity Hyponyms
Words that are more specific than the original word.