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commodity

noun/kəˈmɑː.dɪ.ti/

a basic good used in commerce that is interchangeable with other goods of the same type

The price of oil, a vital commodity, fluctuates based on global supply and demand.

productgoodmerchandise
word origin — from the Latin 'commoditas', meaning 'convenience, advantage', from 'commodus' meaning 'convenient, suitable'.

IELTS Vocabulary — Set 99

Set 99 of IELTS Vocabulary covers 5 words: commodity, complacency, inclusiveness, worship, hypothesis. Each entry below includes its definition, an example sentence, and synonyms — practice them with the interactive cards above.

  1. commodity · noun/kəˈmɑː.dɪ.ti/

    a basic good used in commerce that is interchangeable with other goods of the same type

    The price of oil, a vital commodity, fluctuates based on global supply and demand.

    Synonyms: product, good, merchandise

    Origin: from the Latin 'commoditas', meaning 'convenience, advantage', from 'commodus' meaning 'convenient, suitable'.

  2. complacency · noun/kəmˈpleɪsənsi/

    a feeling of satisfaction with one's achievements that can prevent further progress

    The team's recent victories led to a sense of complacency, causing them to overlook their training routines.

    Synonyms: smugness, self-satisfaction, complacence

    Origin: The word 'complacency' originates from the Latin 'complacentia', which means 'pleasantness', derived from 'complacens', the present participle of 'complacere', meaning 'to please' or 'to satisfy'.

  3. inclusiveness · noun/ɪnˈkluːsɪv.nəs/

    the quality of including all types of people and treating them fairly and equally

    The organization's commitment to inclusiveness creates a welcoming environment for employees from diverse backgrounds.

    Synonyms: acceptance, openness, fairness

    Origin: The word ‘inclusiveness’ comes from the Latin ‘inclusus’, meaning ‘to shut in, to enclose’, combined with the suffix -ness, which forms nouns indicating a state or quality.

  4. worship · noun/ˈwɜrʃɪp/

    the feeling or expression of reverence and adoration for a deity

    The ancient temple was a place of worship for the local community, where they gathered to express their devotion and reverence.

    Synonyms: adoration, veneration, reverence

    Origin: Middle English 'worshippe', from Old English 'wīrspæ', from 'weorþ' meaning 'worth' and 'scipe' meaning 'ship' or 'condition'.

  5. hypothesis · noun/haɪˈpɑθəsɪs/

    a proposed explanation or educated guess based on limited evidence as a starting point for further investigation

    The scientist proposed a hypothesis to explain the unusual behavior of the flock of birds during the migration season.

    Synonyms: theory, conjecture, assumption

    Origin: from the Greek 'hypothesis', meaning 'foundation, conjecture', from 'hypo-' meaning 'under' and 'thesis' meaning 'a placing, a proposition'.