commodities

Meanings

• Noun

  Goods or products that are bought or sold, especially on a large scale.

  - "Corn, oil, and gold are common commodities."
  - "The price of commodities on the global market can affect economies around the world."

• Noun

  A class of goods or products that is interchangeable with other goods or products of the same kind and quality.

  - "Wheat and rice are fungible commodities."
  - "Investors often trade in commodities futures contracts."

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Rhymes

Words rhyming with commodities
commode , commodity , modesty

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Variants

List of all variants of commodities that leads to same result
commodities , commodity

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Forms

Different forms of the word (e.g., verb conjugations, plural forms, comparative/superlative forms for adjectives).

Commodities (plural), Commodity (singular)

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Etymology

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

From Latin commodus, meaning 'capable, handy'.

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Trivia

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

1. The first recorded commodity exchange was the 'Gemma Frumentaria' in ancient Rome, which traded grain.

2. The price of gold is often used as a benchmark for the price of other commodities.

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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. Goods: Commodities are a type of good that is interchangeable and can be bought or sold.

2. Trade: Commodities are often traded on commodity exchanges or markets.

3. Commodity Futures: Commodity futures are contracts to buy or sell a commodity at a future date.

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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 been an essential part of human civilization since ancient times. They have been traded and bartered for thousands of years. In literature, commodities have been used as metaphors for wealth, power, and desire. In art, they have been depicted in various forms, from still life paintings to sculptures.

How to Memorize "commodities"

1. visualize
   

   - Visualize a large pile of goods or products, such as grains or metals, being bought and sold in a marketplace.

2. associate
   

   - Associate the word 'commodity' with the idea of something valuable that can be bought or sold.

3. mnemonics
   

   - Use the mnemonic 'C-O-M-M-O-D-S' to remember that commodities are Capable, Interchangeable, Marketable, Fungible, Offered, Desirable, and Sold.

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