What's the difference between commodity and utility?

Commodity


Definition:

  • (n.) Convenience; accommodation; profit; benefit; advantage; interest; commodiousness.
  • (n.) That which affords convenience, advantage, or profit, especially in commerce, including everything movable that is bought and sold (except animals), -- goods, wares, merchandise, produce of land and manufactures, etc.
  • (n.) A parcel or quantity of goods.

Example Sentences:

  • (1) 1: Good news It's been a scarce commodity throughout the Osborne chancellorship, but he will have a decent amount of it to dish round the chamber – notably lower inflation and higher growth than was being forecast a short while ago.
  • (2) Andreas Missbach, managing director of Berne Declaration, an NGO in Switzerland where the commodities giant is based, said Glencore stood out against others in the sector.
  • (3) The oil price tumbled by as much as $3.25 a barrel on Tuesday after the world's biggest commodity trader called the top of the market for crude and a range of other commodities – at least for the time being.
  • (4) They dealt in dozens of different commodities – from major grains such as wheat and sorghum to specialised food aid products such as corn-soy blend.
  • (5) The financial crash caused by treating housing as a speculative commodity made things worse, but the truth is that the seeds of the crisis have been sown over many years.
  • (6) The current floods in Australia have the potential to affect prices for commodities such as sugar and cane growers are warning of production problems for up to three years.
  • (7) Others are new: changing family compositions because of HIV, increasing frequency of droughts and rapid fluctuations in international commodity prices.
  • (8) These organisms, typically bacteria or algae, are used to produce valuable commodities such as flavorings and oils.
  • (9) Part of the new wealth has been driven by the rise in commodity prices.
  • (10) This technique was used to bring misdirected urinations in a severely retarded male under rapid stimulus control of a floating target in the commode.
  • (11) We should stop the importation of these birds which are sold as commodities and endure lives of boredom in cages.
  • (12) The irony of her image being exchanged in return for commodities in the future,” she said, “seems to recall the way that actual slaves’ bodies were serving as currencies of exchange.” Larson arrived at a different conclusion about the honor.
  • (13) Right now, policymakers will probably be more concerned by stalling eurozone growth than a headline inflation figure dragged down by commodity prices.
  • (14) Often a number of aids such as standing table, adapted chairs, commode etc., is required to meet basic needs.
  • (15) Tate & Lyle, which no longer produces the sugar that made it a household name, is the latest company to be affected by falling commodity prices.
  • (16) "When you transform a food into a commodity, there's inevitable breakdown in social relations and high environmental cost," as Tanya Kerssen, an analyst for Oakland-based Food First told Time last year.
  • (17) The Financial Services Authority fined the bank £59.9m, while in the US the department of justice and the Commodities Futures Trading Commission also imposed fines, some £230m combined.
  • (18) Solitude becomes a way of life and social interaction a scarce commodity for many chronic schizophrenics who are in institutional settings.
  • (19) And if you want to talk about messages, what kind of message does it send to stockpile ivory like any other valuable commodity?
  • (20) The commodities supercycle is dead in the water … It’s already sent some big African sub-Saharan economies into a tailspin,” said Aly Khan Satchu, an independent trader in Nairobi.

Utility


Definition:

  • (n.) The quality or state of being useful; usefulness; production of good; profitableness to some valuable end; as, the utility of manure upon land; the utility of the sciences; the utility of medicines.
  • (n.) Adaptation to satisfy the desires or wants; intrinsic value. See Note under Value, 2.
  • (n.) Happiness; the greatest good, or happiness, of the greatest number, -- the foundation of utilitarianism.

Example Sentences:

  • (1) By presenting the case history of a man who successively developed facial and trigeminal neural dysfunction after Mohs chemosurgery of a PCSCC, this paper documents histologically the occurrence of such neural invasion, and illustrates the utility of gadolinium-enhanced magnetic resonance scanning in patient management.
  • (2) Philip Shaw, chief economist at broker Investec, expects CPI to hit 5.1%, just shy of the 5.2% reached in September 2008, as the utility hikes alone add 0.4% to inflation.
  • (3) Estimates of the risk probability for each dose level and sacrifice time are found utilizing the sample likelihood as the posterior density.
  • (4) Irradiation of stored red blood cells (RBC) is increasingly utilized for patients who are immunosuppressed or on chemotherapeutic regimens.
  • (5) The approach was to determine the relative importance of predisposing, enabling, and medical need factors in explaining utilization rates among younger and older enrollees of an HMO.
  • (6) Utilizing a range of operative Michaelis-Menten parameters that characterize phenytoin elimination via a single capacity-limited pathway, a situation assuming instantaneous absorption (case I) is compared with the situation in which continuous constant-rate absorption occurs (case II).
  • (7) Decreased synthesis rather than increased utilization accounted for the nucleoside effect.
  • (8) The authors present the first results on the utilization of fish infusion (IFP) as a basic medium for the cultivation of bacteria.
  • (9) The durable power of attorney concept, though not free of problems, appears more likely to be of practical utility.
  • (10) Parallel studies in vivo were carried out to determine the contribution of the phosphatidylserine decarboxylase pathway, relative to pathways utilizing ethanolamine directly, to the synthesis of brain ethanolamine glycerophospholipids.
  • (11) Cadavers have a multitude of possible uses--from the harvesting of organs, to medical education, to automotive safety testing--and yet their actual utilization arouses profound aversion no matter how altruistic and beneficial the motivation.
  • (12) Utilization of inert materials like teflon, makrolon, and stainless steel warrants experimental and possibly clinical application of the developed small constrictor.
  • (13) Several aminoacyl-tRNA synthetases are herein shown to catalyze the AMP----ADP and ADP----ATP exchange reactions (in the absence of tRNAs) by utilizing a transfer of the gamma-phosphate of ATP to reactive AMP and ADP intermediates that are probably the mixed anhydrides of the nucleotide and the corresponding amino acid.
  • (14) Superior results have been achieved utilizing alternative regimens that include VP-16, the most effective new agent.
  • (15) Utilization of the immunoglobulin system is based upon the supposition that in lymphoid neoplasms with clonal origin either all or none of the tumor cells should have surface-associated IgM and kappa-reactivities.
  • (16) The total amount of variance explained in the frequency of utilization (47%) exceeded that explained by other studies of utilization of various health services by the elderly.
  • (17) Ketanserin is a specific S2 serotonergic receptor blocker with possible adrenergic blocking activities that has clinical utility in the treatment of hypertension.
  • (18) In this study, protein efficiency ratio and net protein utilization together with the kinetic estimates of protein turnover were used to compare the effect of different protein and fat sources in healthy rats.
  • (19) Although this operational classification does not produce etiologically homogeneous groups, it is believed to have pragmatic utility with respect to planning targeted surveillance and management strategies.
  • (20) The results of our utilization review were conveyed to local hospitals and the blood supplier in an effort to preserved donor blood.