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Consumables (also known as consumable goods, non-durable goods, or soft goods) are goods that are intended to be consumed. People have, for example, always consumed food and water. Consumables are in contrast to durable goods. Disposable products are a particular, extreme case of consumables, because their end-of-life is reached after a single use.
A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good. Examples of consumer durable goods include housing, vehicles, books, household goods (home appliances, consumer electronics, furniture, musical instruments, tools, etc.), sports equipment, jewelry, medical equipment, and toys.
A hammer is a durable rival good. One person's use of the hammer prevents others from using the hammer at the same time. However, the first user does not "use up" the hammer, meaning that some rival goods can still be shared through time. An apple is a nondurable rival good: once an apple is eaten, it is "used up" and can no longer be eaten by ...
Producers make goods disposable rather than durable so that consumers must continue to repurchase the good, earning the producer a steady supply of customers, rather than a one-time purchase. Profit is maximized for the firm when the usefulness of a good is "uneconomically short", because firms can spend the least amount possible creating a ...
The decline in wholesale inventories was across long-lasting manufactured and nondurable goods. Retail stocks were pulled down by a 1.2% drop in inventories of motor vehicles and parts. Excluding ...
Nondurable goods: food and beverages purchased for off-premises consumption, clothing and footwear, gasoline and other energy goods, and other nondurable goods. Services: housing and utilities, healthcare, transportation services, recreation services, food services and accommodations, financial services and insurance, and other services.
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A good, service or resource that is unable to prevent or exclude non-paying consumers from experiencing or using it can be considered non-excludable. An architecturally pleasing building, such as Tower Bridge, creates an aesthetic non-excludable good, which can be enjoyed by anyone who happens to look at it. It is difficult to prevent people ...