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Words related to commodity

com·mod·i·ty
C c

  • average

    An average is the result that you get when you add two or more numbers together and divide the total by the number of numbers you added together.

  • corner

    A corner is a point or an area where two or more edges, sides, or surfaces of something join.

  • traffic

    the movement of vehicles, ships, persons, etc., in an area, along a street, through an air lane, over a water route, etc.: the heavy traffic on Main Street.

  • commodity futures trading commission

    an independent regulatory agency, created in 1975, that supervises the trading of futures on commodity exchanges. Abbreviation: CFTC.

  • law of diminishing marginal utility

    the law that for a single consumer the marginal utility of a commodity diminishes for each additional unit of the commodity consumed.

  • markup

    Commerce. the amount added by a seller to the cost of a commodity to cover expenses and profit in fixing the selling price. the difference between the cost price and the selling price, computed as a percentage of either the selling price or the cost price. an increase in price, as of a commodity. the amount by which a price is increased.
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