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Good that has long term use
A car is a durable good. The gasoline that powers it is a non-durable (or consumable) good.
In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for several years of use,[1] so durable goods are typically characterized by long periods between successive purchases.
Durable goods are known to form an imperative part of economic production. This can be exemplified from the fact that personal expenditures on durables exceeded the total value of $800 billion in 2000. In the year 2000 itself, durable goods production composed of approximately 60 percent of aggregate production within the manufacturing sector in the United States.[2]
Examples of consumer durable goods include vehicles, books, household goods (home appliances, consumer electronics, furniture, musical instruments, tools, etc.), sports equipment, jewelry, medical equipment, and toys.
Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are immediately consumed in one use or ones that have a lifespan of less than three years.
Examples of nondurable goods include fast-moving consumer goods such as food, cosmetics, cleaning products, medication, clothing, packaging and fuel.
While durable goods can usually be rented as well as bought, nondurable goods generally are not rented.
^O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New Jersey 07458: Pearson Prentice Hall. pp. 302. ISBN 978-0-13-063085-8.{{cite book}}: CS1 maint: location (link)
^Waldman, Michael (2003). "Durable Goods Theory for Real World Markets". Journal of Economic Perspectives. 17 (1): 131–154. doi:10.1257/089533003321164985.
In economics, a durablegood or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility...
to as durable goods. Product durability is predicated by good repairability and regenerability in conjunction with maintenance. Every durable product...
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...
particular monopoly theory, a durapolist or durablegood monopolist is a producer that manipulates the durability of its product. The term was coined by antitrust...
product to last Disposable product Durablegood Durapolist—producer that manipulates the durability of its product Durability – Ability of a product to continue...
or neighborhood) or in virtual space through communication platforms. Durablegood relations that extend beyond immediate genealogical ties also define...
European CommissionPages displaying wikidata descriptions as a fallback Durablegood – Good that has long term use European Environment Agency – Agency of the...
permanent paper symbol, used in packaging and publishing to signify the use of durable acid-free paper. In some ways, this logo expresses the opposite intention...
complexity and cost of a good and its production. Usually this refers to removing nonessential features from a durablegood, such as a car or telephone...
400–500 BC. The manufacture of wootz steel and Damascus steel, famous for its durability and ability to hold an edge, may have been taken by the Arabs from Persia...
Criticism of advertising Culture jamming Do it yourself Downshifting Durablegood Earth Overshoot Day Ecological economics Ecovillage Ethical consumerism...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
Criticism of advertising Culture jamming Do it yourself Downshifting Durablegood Earth Overshoot Day Ecological economics Ecovillage Ethical consumerism...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
furniture is environmentally friendly, improves air quality, and is durable. Durablegood Fast-moving consumer goods Outline of Electrical Products (Safety)...
asphalt concrete. As a disadvantage of asphalt, however, concrete is more durable, and the preference for surface is weighed against this depending on the...
theory. The conjecture sets up a situation in which a monopolist sells a durablegood to a market where resale is impossible and faces consumers who have different...
Criticism of advertising Culture jamming Do it yourself Downshifting Durablegood Earth Overshoot Day Ecological economics Ecovillage Ethical consumerism...
can be classified into the following categories: Durable goods Nondurable goods Services Consumer durable goods usually have a significant lifespan, which...
life, or the environmental impact of the product's use. (See section Durability). In this strategy, products and packages are optimally designed to meet...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
The Pacman conjecture holds that durable-goods monopolists have complete market power and so can exercise perfect price discrimination, thus extracting...
organic material into a humus-like material, known as compost, which is a good fertilizer for plants. Composting organisms require four equally important...
United States Concepts Circular economy Dematerialization Downcycling Durablegood Eco-industrial park Ecological design Extended producer responsibility...
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