commodity; goods; merchandise
Meanings
2 senses · 7 examplesnoun
commodity; a labor product produced for exchange
formalA fundamental concept in economics. Refers to items that possess both use-value and exchange-value, reflecting social relations of production.
The value of a commodity is determined by the socially necessary labor time required to produce it.
In capitalist society, labor power itself becomes a special kind of commodity.
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The production and exchange of commodities form the basis of the modern economy.
noun
goods; merchandise; items bought and sold on the market
neutralThe general, everyday meaning, referring to any product available for purchase.
This supermarket has a very complete variety of goods.
When shopping online, you should carefully check the reviews of the merchandise.
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The quality of this batch of imported goods is very good.
Consumers have the right to know the true information about the products.