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commodity

commodity

30 4.3
Data or information used like a product that companies buy and sell
  • noun
  • /kəˈmɒdəti/
  • Specialized
: 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.