acommodity commodity

Meanings

• noun

  A good or service that is bought or sold, especially on a commodity exchange.

  - "Corn, wheat, and oil are examples of agricultural commodities."
  - "The price of gold is an important indicator in the commodity market."

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Variants

List of all variants of acommodity commodity that leads to same result
hot commodity

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Etymology

origin and the way in which meanings have changed throughout history.

From Old French 'accommoder', meaning 'to furnish' or 'to provide'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that the first known commodity exchange was established in ancient Greece around 600 BC?

2. The largest commodity exchange in the world is the COMEX division of the New York Mercantile Exchange.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Commodity market: A market that trades in primary economic sector rather than manufactured products.

2. Commodity futures: A derivative contract to buy or sell a commodity at a future date and price.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Commodities have played a significant role in economics and trade since ancient civilizations. They are often used as a hedge against inflation and as a store of value.

How to Memorize "acommodity commodity"

1. visualize
   

   - Imagine a bustling commodity exchange with traders buying and selling various goods and services.

2. associate
   

   - Associate the word with the idea of buying and selling goods and services.

3. mnemonics
   

   - Use the mnemonic 'Goods And Services Trade' to remember the meaning of commodity.

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