basic commodities

noun phrase

Meaning

Essential raw materials or agricultural products that are interchangeable and necessary for daily survival or industrial production.

Examples

The government maintains a strategic reserve of basic commodities to prevent price spikes during emergencies.
Developing nations often rely on the export of basic commodities like coffee, oil, and minerals.

Synonyms: staples, essentials, raw materials, necessities

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basic commodities

noun phrase

Pronunciation: ˈbeɪsɪk kəˈmɒdɪtiz

Definition

Essential raw materials or agricultural products that are interchangeable and necessary for daily survival or industrial production.

Examples

The government maintains a strategic reserve of basic commodities to prevent price spikes during emergencies.
Developing nations often rely on the export of basic commodities like coffee, oil, and minerals.
Inflation has made it increasingly difficult for low-income families to afford basic commodities.

Synonyms of basic commodities

Words with a similar meaning to basic commodities:

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