Commodity (noun)

1. A raw material or primary agricultural product that can be bought and sold, such as gold, oil, or wheat.
2. Goods or merchandise that are considered to be of value.

Origin:

From the latin word "commoditatem" meaning "convenience" or "profit".

Examples:

1. Gold is considered a valuable commodity that can be traded on the market.
2. The price of oil is highly influenced by the global demand for this commodity.
3. Wheat is a commodity that is essential for making bread and other food products.
4. His company deals in the trading of various commodities like coal and rubber.
5. The country's economy heavily depends on the export of commodities like coffee and cocoa.