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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.
Once a durable-good manufacturer sells a product to a consumer, it faces a challenge to convince this consumer to purchase another good. A consumer needs one refrigerator, one razor, a limited number of shirts, and so forth. Durability, therefore, may mean limited prospects for businesses.
The Coase conjecture, developed first by Ronald Coase, is an argument in monopoly theory.The conjecture sets up a situation in which a monopolist sells a durable good to a market where resale is impossible and faces consumers who have different valuations.
Orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, rose 1.4% last month, the Commerce Department's Census Bureau said. Data for January was ...
Excluding transportation, durable goods orders fell 0.3% last month after dipping 0.1% in December. There were decreases in orders of primary and fabricated metals. Machinery orders were unchanged.
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.
Weighing less than two ounces, it is lightweight and durable, and has a membrane microfilter that can filter up to 1,000 gallons of water. It can last one person up to (and over) five years of use.
Final goods can be classified into the following categories: Durable goods; Nondurable goods; Services; Consumer durable goods usually have a significant lifespan, which tends to be at least one year, based on the guarantee or warranty period. The maximum life depends upon the durability of the product or goods.