general commodity

USAGE SUMMARY

"general commodity" is correct and usable in written English.
You can use it to describe something that is part of a group of widely distributed products. For example, "Oil is a general commodity found in many countries around the world."

✓ Grammatically correct

News & Media

Science

Encyclopedias

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

4 human-written examples

Now, to some extent soaring food prices are part of a general commodity boom: the prices of many raw materials, running the gamut from aluminum to zinc, have been rising rapidly since early 2009, mainly thanks to rapid industrial growth in emerging markets.

The New York Times

Oil was in a bubble of its own, well beyond the general commodity bubble.

Forbes

markets beginning to falter, coupled with GDP growth rates slowing on a relative basis, we find it unlikely that both (oil) and general commodity prices can continue to accelerate to the upside," Belski says.

Forbes

However we can't use this to forecast future paths of specific or general commodity prices at a certain point in time - as illustrated by the non-homogeneity of shapes of previous cycles.

Huffington Post

Human-verified similar examples from authoritative sources

Similar Expressions

53 human-written examples

Cash-strapped producers are more likely to spend their windfalls on imports from rich countries.One more reason not to lose sleep over the surge in oil prices is that, unlike the rises in the 1970s, it has not occurred against the backdrop of general commodity-price inflation and global excess demand.

The Economist

This Phoenix-based truckload carrier transports general commodities like paper products and packaged foodstuffs.

Forbes

The Asset-Based segment includes its asset-based dry van carrier and rail services, which provide truckload carrier services of general commodities to a similar class of customers.

Forbes

In addition to general commodities, Han historians list the goods of specific regions.

Wikipedia

Those who see a modestly higher path for gold said US dollar pressure may wane in the coming months, while others say the general deflationary commodity environment is negative for gold prices.

The Guardian - Business

The smaller numbers of products will serve well enough if only a general all-commodities index (or a few subindexes at most) is wanted.

Encyclopedia Britannica

They should in general outperform commodities, unless you've got a weak dollar policy.

Forbes

Expert writing Tips

Best practice

When discussing market trends, use "general commodity" to refer to broad categories of goods rather than specific brands or products. This helps maintain a focus on overall economic impacts.

Common error

Avoid assuming that trends affecting one "general commodity" necessarily impact all commodities. Each commodity market has unique factors influencing its price and demand.

Linguistic Context

The phrase "general commodity" functions as a noun phrase, typically used as a subject or object in a sentence. Ludwig AI confirms its usability in written English. It serves to categorize items that are widely distributed and traded.

Expression frequency: Uncommon

Frequent in

News & Media

64%

Science

16%

Encyclopedias

8%

Less common in

Wiki

6%

Formal & Business

6%

Reference

0%

Ludwig's WRAP-UP

The term "general commodity" is a grammatically sound and useful phrase for describing widely traded goods. According to Ludwig, it's suitable for referring to items like oil or grain in the context of economics and trade. While not extremely common, its usage is spread across various reliable sources, including news outlets like The New York Times and academic publications. When writing, remember that while the phrase helps in categorizing broad market trends, it's crucial to avoid generalizations, as individual commodities have their own unique market dynamics. Consider alternatives such as "common product" or "widely traded good" depending on the context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

common product

Focuses on the widespread availability and usage of the item.

widely traded good

Emphasizes the item's presence in the market and trade activities.

basic raw material

Highlights the fundamental nature of the commodity in production processes.

staple product

Implies the commodity is a necessary and regularly consumed item.

bulk commodity

Refers to commodities traded in large quantities.

standard merchandise

Highlights that the item is a typical product available for sale.

generic commodity

Suggests a lack of differentiation or branding in the commodity.

primary commodity

Indicates a raw or unprocessed state of the commodity.

mass-produced item

Emphasizes the commodity's availability due to large-scale production.

frequently exchanged commodity

Highlights the high volume of trade associated with the item.

FAQs

How can I use "general commodity" in a sentence?

You can use "general commodity" to refer to a broad category of goods traded in the market. For example, "The price of oil, a "general commodity", affects transportation costs."

What's a phrase similar to "general commodity"?

A similar phrase is "common product", which also refers to goods that are widely available and traded.

Is "general commodity" the same as "specific commodity"?

No, "general commodity" refers to a broad category, while "specific commodity" refers to a particular item within that category, like "crude oil" or "refined sugar".

How does the price of a "general commodity" impact the economy?

Changes in the price of a "general commodity" like energy can have ripple effects throughout the economy, affecting everything from manufacturing costs to consumer prices.