Definitions for durable goods
durable goods

Princeton's WordNetRate this definition:0.0 / 0 votes

1. durables, durable goods, consumer durablesnoun

   consumer goods that are not destroyed by use

WikipediaRate this definition:0.0 / 0 votes

1. durable goods

   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, 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.Examples of consumer durable goods include bicycles, books, household goods (home appliances, consumer electronics, furniture, 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 cosmetics and cleaning products, food, condiments, fuel, beer, cigarettes and tobacco, medication, office supplies, packaging and containers, paper and paper products, personal products, rubber, plastics, textiles, clothing, and footwear. While durable goods can usually be rented as well as bought, nondurable goods generally are not rented.

ChatGPTRate this definition:0.0 / 0 votes

1. durable goods

   Durable goods are products that are designed to last for a substantial period of time, typically several years or more. These goods are consumed over the long term and do not wear out or become exhausted through regular usage. Examples include automobiles, furniture, appliances, and electronics.

Matched Categories

1. • Consumer Goods

How to pronounce durable goods?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say durable goods in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of durable goods in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of durable goods in Pythagorean Numerology is: 6

Examples of durable goods in a Sentence

1. Tetsuro Ii:

   When the Chinese economy is slowing down, there will be a fairly big impact on the production of durable goods. Investors are trying to gauge the impact as there is no evidence of that in the data yet.

2. Mark Vitner:

   This suggests that there may be some upside risk for durable goods spending in the second quarter ... and that perhaps housing market activity will pick up in the months ahead.

3. Sinem Buber:

   Those goods are a bit more responsive to any changes in the market, and that’s why we’re seeing that industry respond faster than durable goods.

4. Jerome Powell:

   You are seeing strong durable goods sales. You are seeing housing now contributing to growth for the first time in a while. And you are seeing retail sales, more broadly, monetary policy is also supporting household spending and home buying by keeping the labor market strong, keeping workers incomes rising, and keeping consumer confidence at high levels.

5. Colin Cieszynski:

   Surprisingly, Canadian stocks ... have held in reasonably well, durable goods orders have turned back around, the U.S. economy is strengthening, the Fed raising interest rates is back on. Even if it's not June, it may not be December either.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=durable goods
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Durable_Goods
3. ^ ChatGPT
   https://chat.openai.com