Durable goods definition

Good Quality Phone High

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.

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Q&A

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What is the definition of semi-Durable goods.

Goods that are neither perishable nor lasting, such as clothing or furniture

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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.

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What is the durability of virtual goods?

Save your draft before refreshing this page.

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What is the definition of a durable good.

A durable good is a product that can exist for a long time. for now.


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