commodity

 
Pronunciation: /kəˈmɒdɪti/

noun (plural commodities)

  • a raw material or primary agricultural product that can be bought and sold, such as copper or coffee: commodities such as copper and coffee [as modifier]: a commodities broker commodity markets
  • a useful or valuable thing: water is a precious commodity

Origin:

late Middle English: from Old French commodite or Latin commoditas, from commodus (see commodious)