Consumer durable is a term used to describe goods that are expected to last for an extended period. The spelling of this word is quite straightforward with each letter pronounced individually. The phonetic transcription of "consumer durable" is /kənˈsjuː.mər ˈdʊə.rə.bəl/. The stress falls on the second syllable of "consumer" and the first syllable of "durable." It is essential to spell this term correctly when writing about consumer goods or when purchasing them to ensure that you are getting a long-lasting product.
Consumer durable refers to a type of product that is designed and manufactured to be used repeatedly over an extended period of time without losing its functionality or state of repair. These products are often considered essential for daily living or have significant practical purposes. They are typically purchased by individuals or households to fulfill specific needs and can range from small appliances to larger items such as household furniture, electronic devices, automobiles, and home improvement tools.
Consumer durables are often characterized by their durability, longevity, and ability to withstand regular use over an extended period. They are intended to retain their functionality and remain in good condition for a considerable period without requiring frequent repairs or replacement. These products are generally considered a long-term investment as they are expected to provide value and utility to the consumer for an extended duration.
The purchase of consumer durables is regarded as a significant decision, typically involving substantial financial investment. Consumers carefully evaluate the features, quality, and brand reputation before making a purchase. Due to their relatively higher prices compared to other consumer goods, individuals often conduct thorough research and consider various factors such as product specifications, durability, reliability, customer reviews, and warranties.
Overall, consumer durables are non-perishable goods that offer utility, convenience, and comfort to consumers, and they play a vital role in enhancing the quality of daily life. These products contribute significantly to the well-being of individuals and households by providing essential tools and conveniences that enable them to carry out various tasks efficiently.
The word "consumer durable" is a combination of two terms: "consumer" and "durable".
The term "consumer" derives from the Latin word "consumere", which means "to use up" or "to waste". Over time, it developed to refer to someone who uses or consumes goods or services. In the context of economics, a consumer is an individual or household that purchases goods or services to satisfy their needs and wants.
The term "durable" originates from the Latin word "durare", meaning "to last" or "to endure". It refers to something that is able to withstand wear, decay, or obsolescence and remain functional for an extended period.
In the combination "consumer durable", the term "consumer" emphasizes the role of an individual or household as the end-user, while "durable" highlights the quality of the product being able to last or endure over time.