Definitions

1. noun

A good or service that can be bought or sold in a market, especially one that is widely available and traded in large quantities.

“The company’s success was largely due to the increasing demand for its commodity, a rare earth mineral.”

2. noun

Something that is valuable or useful, especially because it is in short supply.

“The patient’s rare medical condition made her a commodity in the world of clinical trials.”

3. noun

A person or group that is treated as a valuable resource, especially in a particular industry.

“The athletes were seen as commodities by their sports teams, who sought to maximize their market value.”

4. verb

To regard or treat someone or something as a valuable resource or commodity.

“The company was accused of commodifying its employees, treating them as nothing more than replaceable parts.”