Commodity vs Utility - What's the difference?
commodity | utility |
(obsolete) Convenience; usefulness, suitability.
Anything movable (a good) that is bought and sold.
* 1995 , James G. Carrier, Gifts and Commodities: Exchange and Western Capitalism Since 1700 ,
* 2001 , Rachel Pain, Introducing Social Geographies ,
* 2005 , William Leiss, Botterill, Jacki, Social Communication in Advertising: Consumption in the Mediated Marketplace ,
*:* Referring to the work of Bourdieu, Zukin (2004,38) notes that shopping is much more than the purchase of commodities
Something useful or valuable.
* 2008 , Jan. 14th, Somerset County Gazette
(obsolete) Self-interest; personal convenience or advantage.
*, I.40:
*, NYRB, 2001, vol.1, p.321:
(economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
(marketing) Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
(Marxism) Anything which has both a use-value and an exchange-value.
The state or condition of being useful; usefulness.
Something that is useful.
(economics) The ability of a commodity to satisfy needs or wants; the satisfaction experienced by the consumer of that commodity.
(business, finance) A service provider, such as an electric company or water company; or , the securities of such a provider.
(computing) A software program designed to perform a single task or a small range of tasks, often to help manage and tune computer hardware, an operating system or application software.
(sports) The ability to play multiple positions.
In economics terms the difference between commodity and utility
is that commodity is raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges while utility is the ability of a commodity to satisfy needs or wants; the satisfaction experienced by the consumer of that commodity.As nouns the difference between commodity and utility
is that commodity is convenience; usefulness, suitability while utility is the state or condition of being useful; usefulness.commodity
English
Alternative forms
* commoditie (archaic )Noun
(commodities)p.122
- If a key part of shopping is the conversion of anonymous commodities into possessions, shopping is a cultural as much as an economic activity.
p.26
- In human geography "commodities'" usually refers to goods and services which are bought and sold. The simplest ' commodities are those produced by the production system just before they are sold.
p.307
- And Slade said: "It really makes me sad that football club chairmen and boards seem to have lost that most precious commodity - patience. "Sam's sacking at Newcastle had, I suppose, been on the cards for a while, but it is really ridiculous to fire a manager after such a short time.
- Shall we employ the intelligence Heaven hath bestowed upon us for our greatest good, to our ruine? repugning natures desseign and the universal order and vicissitude of things, which implieth that every man should use his instruments and meanes for his owne commoditie ?
- they commonly respect their own ends, commodity is the steer of all their action.
- The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
- Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity .
utility
English
Noun
(utilities)- I've bought a new disk utility that can recover deleted files.