Durable goods definition
Consumer goods are many times separated into two categories: durables and non-durables. Durables have an extended product life and are not typically worn out or consumed quickly when you use them. Since they're made to last, durable goods are often times more expensive than non-durable goods that have to be purchased repeatedly over a short period of time.
A washing machine is an example of a durable good - it takes many years and a number uses to completely expend its functionality. The laundry detergent used in the washing machine, on the other hand, is a non-durable good - when the bottle is empty, the detergent must be repurchased.
Other examples of durable goods include automobiles, appliances, furniture, jewelry, consumer electronics and sporting goods.
Why it Matters:
Since durable goods usually represent big-ticket items, both consumers and businesses will often times make these purchases only when they are confident they can afford them.
During a recession, when consumers have little confidence in the economy, there is a higher risk that demand for durable goods will decrease. This is important to remember when considering an investment in companies that produce durables.
You might also like
OXO Good Grips Christmas Disk Set, Metallic
Earphones ActionPie Best In-Ear Headphones Earbuds High Resolution Heavy Bass with Mic for Android Cell Phones Samsung iPhone 6/6S iPad HTC LG G4 G3
Wireless (ActionPie China)
Epson T078120 Claria Hi-Definition 78 Standard-capacity Inkjet Cartridge -Black
Guang KN-602 High Definition Optical Wired Gaming Mouse(800/1200/1600/2400DPI)
PC Accessory (Guang)
Good Life Flowers and Playing Cats Life is Sweet Quote Wall Sticker for Art Wall Home Decor
Home (Good Life)
What is the definition of semi-Durable goods.
Goods that are neither perishable nor lasting, such as clothing or furniture
What is the definition of durable goods?
The definition of durable goods is products that aren't consumed or quickly disposed of, and can be used for several years.
What is the durability of virtual goods?
Save your draft before refreshing this page.
What is the definition of a durable good.
A durable good is a product that can exist for a long time. for now.