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Currency vs Commodity - What's the difference?

currency | commodity |

In obsolete|lang=en terms the difference between currency and commodity

is that currency is (obsolete) current value; general estimation; the rate at which anything is generally valued while commodity is (obsolete) self-interest; personal convenience or advantage.

As nouns the difference between currency and commodity

is that currency is money or other items used to facilitate transactions while commodity is (obsolete) convenience; usefulness, suitability.

currency

English

(wikipedia currency)

Noun

  • Money or other items used to facilitate transactions.
    • Wampum was used as a currency by Amerindians.
  • Paper money.
  • * 1943 , (William Saroyan), , chapter 3,
    • Spangler went through his pockets, coming out with a handful of small coins, one piece of currency and a hard-boiled egg.
  • The state of being current; general acceptance or recognition.
    • The jargon’s currency .
  • (obsolete) fluency; readiness of utterance
  • (obsolete) Current value; general estimation; the rate at which anything is generally valued.
    • He takes greatness of kingdoms according to their bulk and currency , and not after intrinsic value. — Francis Bacon.
    The bare name of Englishman too often gave a transient currency to the worthless and ungrateful. — W. Irving.

    Derived terms

    * (economics) fiat currency, closed currency, metacurrency

    See also

    *

    commodity

    English

    Alternative forms

    * commoditie (archaic )

    Noun

    (commodities)
  • (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 , 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.
  • * 2001 , Rachel Pain, Introducing Social Geographies , 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.
  • * 2005 , William Leiss, Botterill, Jacki, Social Communication in Advertising: Consumption in the Mediated Marketplace , p.307
  • *:* 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
    • 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.
  • (obsolete) Self-interest; personal convenience or advantage.
  • *, I.40:
    • 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 ?
  • *, NYRB, 2001, vol.1, p.321:
    • they commonly respect their own ends, commodity is the steer of all their action.
  • (economics) Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
    • The price of crude oil is determined in continuous trading between professional players in World's many commodities exchanges.
  • (marketing) Undifferentiated goods characterized by a low profit margin, as distinguished from branded products.
    • Although they were once in the forefront of consumer electronics, the calculators have become a mere commodity .
  • (Marxism) Anything which has both a use-value and an exchange-value.