basic commodity
Frequency: 7.815.1 per million words
Refers to essential goods like food and fuel.
Categories:
Examples (10)
- Water is the most basic commodity necessary for life.
- The government implemented price controls on every basic commodity to prevent runaway inflation.
- Many developing nations depend on the export of a single basic commodity, like coffee or cocoa.
- Fluctuations in the price of a basic commodity like fuel can impact the entire economy.
- Access to a basic commodity such as grain is a matter of national security.
- The report analyzed the supply chains for each basic commodity in the region.
- Historically, salt was an incredibly valuable basic commodity.
- During the crisis, the distribution of every basic commodity was carefully managed.
- Investors often trade futures on a basic commodity to speculate on price changes.
- For the poorest families, simply affording a basic commodity can be a daily challenge.