Audio Pronunciation: (com·mod·i·ty)
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- Plural: commodities
- The terms commodity and good are often used interchangeably, but while commodities can be sold as is they are often used as raw materials to build goods.
- Changing something that was not a commodity into a commodity is called commodification.
- Also called:
- primary product
- raw material
- trade good
- Word origin of “commodity” – Online Etymology Dictionary: etymonline.com
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- Ensminger, Jean. 2002. Theory in Economic Anthropology. Walnut Creek, CA: AltaMira Press.
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- Fligstein, Neil. 2001. The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. Princeton, NJ: Princeton University Press.
- Granovetter, Mark, and Richard Swedberg. 1992. The Sociology of Economic Life. Boulder, CO: Westview Press.
- Guillén, Mauro F. 2002. The New Economic Sociology: Developments in an Emerging Field. New York: Russell Sage Foundation.
- Mingione, Enzo. 1991. Fragmented Societies: A Sociology of Economic Life Beyond the Market Paradigm. Oxford, United Kingdom: Basil Blackwell.
- Plattner, Stuart. 1989. Economic Anthropology. Stanford, CA: Stanford University Press.
- Polanyi, Karl. 1944. The Great Transformation. Boston: Beacon Press.
- Smelser, Neil J., and Richard Swedberg. 2005. The Handbook of Economic Sociology. 2nd. ed. Princeton, NJ: Princeton University Press.
- Steiner, Philippe. 2011. Durkheim and the Birth of Economic Sociology. Princeton, NJ: Princeton University Press.
- Swedberg, Richard. 1998. Max Weber and the Idea of Economic Sociology. Princeton, NJ: Princeton University Press.
- Weber, Max. 1968. Economy and Society: An Outline of Interpretive Sociology. New York: Bedminster Press.
- allocation of resources
- division of labor
- economic system
- market economy
- market exchange
- reciprocal exchange
- subsistence economy
Black, John, Nigar Hashimzade and Gareth Myles. 2010. A Dictionary of Economics. 3rd ed. New York: Oxford University Press.
Bruce, Steve, and Steven Yearley. 2006. The SAGE Dictionary of Sociology. Thousand Oaks, CA: SAGE.
Law, Jonathan, ed. 2010. A Dictionary of Accounting. 4th ed. New York: Oxford University Press.
Princeton University. 2010. WordNet. (http://wordnet.princeton.edu/wordnet/).
Turner, Bryan S., ed. 2006. The Cambridge Dictionary of Sociology. Cambridge: Cambridge University Press.
Wikipedia contributors. (N.d.) Wikipedia, The Free Encyclopedia. Wikimedia Foundation. (https://en.wikipedia.org/).
How to Cite the Definition of Commodity
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2013. “commodity.” In Open Education Sociology Dictionary. Retrieved March 24, 2019 (http://sociologydictionary.org/commodity/).
APA – American Psychological Association (6th edition)
commodity. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from http://sociologydictionary.org/commodity/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2013. “commodity.” In Open Education Sociology Dictionary. Accessed March 24, 2019. http://sociologydictionary.org/commodity/.
MLA – Modern Language Association (7th edition)
“commodity.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 24 Mar. 2019. <http://sociologydictionary.org/commodity/>.