commodity

S2 W2

BrE /ˈkɒmədɪ/ AmE /ˈkɑːmədi/

noun en → es

1 GOOD/PRODUCT [singular] B1

a product that is bought and sold, especially in large quantities or as part of international trade

mercancía, producto comercial

  • basic commodity

Collocations commodity prices · international commodities

  • The price of oil is a key commodity in the global market.

    El precio del petróleo es una mercancía clave en el mercado mundial.

2 NEED [singular] B1

something that is necessary for life or well-being, such as food or water

necesidad básica, bien esencial

  • basic commodity

Collocations basic commodities · essential commodities

  • Water is a basic commodity that everyone needs.

    El agua es una necesidad básica que necesita todo el mundo.

3 ECONOMY [singular] B2

a product or service that is traded in large quantities, especially on a stock exchange

mercado de materias primas, producto negociable

  • commodity market

Collocations commodity trading · commodities exchange

  • The company specializes in commodity trading.

    La empresa se especializa en el comercio de materias primas.

4 STANDARD [singular] C1

a standard or measure used to compare the quality of goods or services

estándar, criterio de calidad

  • commodity standard

Collocations commodity standards · quality commodity

  • The company's products meet high commodity standards.

    Los productos de la empresa cumplen con altos estándares de calidad.