commodity
n. countablen. a raw material or basic product that people buy and sell, such as oil, gold, or coffee. It can also describe something useful or valuable that you can use or trade.
n. a raw material or primary agricultural product that can be bought and sold, such as copper or coffee. In a broader sense, it refers to any useful or valuable thing that is treated as an article of trade.
Coffee is a major commodity in the global market.
The price of oil remains a volatile commodity that affects transportation costs worldwide.
In the digital age, personal data has become a valuable commodity, frequently harvested and traded by corporations seeking to refine their targeted advertising algorithms.
From Middle English commoditee, from Anglo-Norman commoditee, from Latin commoditās.
Commonly used in the plural ('commodities') when referring to the general market of raw materials.