A Commodity

1. Anything movable (a good) that is bought and sold. [from 15th c.]
2. Something useful or valuable. [from 15th c.]
3. (economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
4. The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
5. (marketing) Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
6. Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
7. (Marxism) Anything which has both a use-value and an exchange-value.
8. (obsolete) Convenience; usefulness, suitability. [15th-19th c.]
9. (obsolete) Self-interest; personal convenience or advantage. [16th-19th c.]