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commodity

commodity

30 4.3
Data or information used like a product that companies buy and sell
  • noun
  • /kəˈmɒdəti/
  • Specialized
translation icon : recurso comercializable
  • The most valuable commodity I know of is information.
  • become a commodity
  • scarce commodity
  • commodity exchange

It's precious, it's beyond, it's not a commodity, it's a gift.

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Examples

  • More realistically, information is a commodity that has a positive supply price.

    Academic text (1991)
  • Information is the modern commodity... that can shake the world.

  • And, and when I think about those two things, you know, time is the one commodity we can never get more of.

  • I mean, because trust is a very important commodity in business.

  • And data about people, about you and me, is a really precious commodity for the companies that want to build AI.

  • Many would consider my business advice... as a very valuable commodity.

  • Credit is a valuable commodity.

  • So what I thought I would do here today is to talk about this number one commodity or entity all of us deal with every single day.

  • They were viewing it as a service for which they could pay, as a commodity that they could consume.

  • In today's digital age, data is a valuable commodity for businesses looking to gain insights and improve their services.

Compounds

commodity exchange
  • Specialized
1 5.5

An organized market where people buy and sell raw materials, often for delivery in the future

commodity brokerage
  • Specialized
6.8

A company that buys and sells raw materials like oil or grain for clients and charges a fee

How Valuable

luxury
322 4.2
good
  • Specialized
22 7.1
commodity
  • Specialized
30 4.3
material
2.1
scrap
179 2.1

Surface Forms

commodity singular
commodities plural

Etymology

Commodity comes from the Latin commoditas, meaning 'useful' or 'convenient'. That's why today companies can call data a commodity: they treat information as a 'useful thing' that can be packaged and sold like other products.