Commodity

Commodity

In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.

Read more about Commodity.

Famous quotes containing the word commodity:

    If mass communications blend together harmoniously, and often unnoticeably, art, politics, religion, and philosophy with commercials, they bring these realms of culture to their common denominator—the commodity form. The music of the soul is also the music of salesmanship. Exchange value, not truth value, counts.
    Herbert Marcuse (1898–1979)

    For things to have value in man’s world, they are given the role of commodities. Among man’s oldest and most constant commodity is woman.
    Ana Castillo (b. 1953)

    A commodity appears at first sight an extremely obvious, trivial thing. But its analysis brings out that it is a very strange thing, abounding in metaphysical subtleties and theological niceties.
    Karl Marx (1818–1883)