What is the meaning of Commodity?

Anything movable (a good) that is bought and sold.

Something useful or valuable.

Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.

Anything which has both a use value and an exchange value.

Convenience; usefulness, suitability.

Self-interest; personal convenience or advantage.

commodity

commodity

Source: wiktionary.org