commodity

noun7

1. •
   Anything movable (a good) that is bought and sold.

   • If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity. — 1995
2. •
   Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.

   • The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
3. •
   Anything which has both a use value and an exchange value.
4. •
   Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.

   • Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity.
5. •
   Something useful or valuable.
6. •
   (no longer used) Convenience; usefulness, suitability.
7. •
   (no longer used) Self-interest; personal convenience or advantage.

   • they commonly respect their own ends, commodity is the steer of all their action[…]. — 1624