Commodity meaning in English

Learn how to use Commodity correctly with Gymglish.
Test and improve your English. Start your free trial today.

TEST YOUR ENGLISH Free trial and no commitment to buy
4,7 on App Store, Play Store and Trustpilot More than 8 million learners worldwide

Definition

a commodity: a product, an item, goods noun
a hot commodity: a product that sells very well or is in demand noun
This new mini skirt is a hot commodity these days. We sold all of our stock in less than three days!

UK: Soap and toothpaste are household commodities.
US: I'm investing in gold: it's a safe commodity, even in uncertain times.

Examples

  • "I think Susie's marketing strategy is a real winner, and with the right sales approach, and an intelligent pricing package, I'm sure I could turn those surplus bottles into a hot commodity."
Exercise 1
Which of the following best defines the expression a hot commodity as it is used in Philip's email?
Which of the following best defines the expression a hot commodity as it is used in Philip's email?
A "hot commodity" is not necessarily affordable. In fact, when a product becomes a "hot commodity" it is not uncommon for the price to mysteriously increase. An affordable product is reasonably priced.
A "hot commodity" is not necessarily expensive. However, it is common that when a product becomes a "hot commodity" the price increases.
A "hot commodity" is not a product with a fever. A fever is an abnormally high temperature, usually associated with sickness.
A "hot commodity" is a product that is desired by many consumers and usually sells very well. Note: "Hot" has several different idiomatic connotations. For example, "hot" can also describe someone who is very attractive ("that man is hot"), as well as a product that has been stolen and then sold for a cheaper price ("this television is hot").

Still unsure of the best way to use 'Commodity'? Improve your English thanks to our online English lessons. We offer a free test as well as a free level assessment!

What our users say:

Pleasure

         

I enjoy doing my online English lessons. Only ten minutes daily are enough...Thank you!

Innovative

         

I love your innovative method which allows me to learn a new language and have fun at the same time!

Unique

         

Your method is unique! Your courses have helped me to progress and gain confidence during my travels.

Progress

         

Gymglish has allowed me to improve my English. A daily routine I wouldn't miss for anything in the world!

More testimonials.

Test your English with Gymglish today and get a free level assessment

Absolutely free - no strings attached.

TEST YOUR ENGLISH