DURABLE GOODS Meaning and
Definition
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Durable goods refer to tangible commodities that have a long lifespan and provide repeated use or utility to consumers. These goods are typically produced for long-term use and are expected to last for more than three years. Durable goods include various products such as appliances, automobiles, furniture, electronics, and machinery.
Unlike non-durable goods, durable goods are not consumed immediately upon use. Instead, they are designed for extended usage over time and do not require frequent replacement. These goods are commonly purchased by individuals, households, and businesses in order to meet long-term needs or for investment purposes.
The production and sale of durable goods play a significant role in the economy, as they contribute to employment growth, consumer spending, and economic development. Many durable goods, especially those related to housing and transportation, are considered to be major investments. Consequently, the demand for durable goods is often influenced by factors such as interest rates, economic conditions, and consumer confidence.
Due to their longer lifespan, durable goods are generally more expensive than non-durable goods. In addition, the quality and durability of these goods can significantly impact their value and longevity. Regular maintenance and repairs, as well as technological advancements, can also affect the lifespan and usability of durable goods.
Common Misspellings for DURABLE GOODS
- surable goods
- xurable goods
- curable goods
- furable goods
- rurable goods
- eurable goods
- dyrable goods
- dhrable goods
- djrable goods
- dirable goods
- d8rable goods
- d7rable goods
- dueable goods
- dudable goods
- dufable goods
- dutable goods
- du5able goods
- du4able goods
- durzble goods
Etymology of DURABLE GOODS
The term "durable goods" has a straightforward etymology. The word "durable" comes from the Latin word "durabilis", which means lasting or enduring. It is derived from the verb "durare", meaning to last or endure. The term "goods" refers to tangible items or merchandise that can be bought, sold, or produced. Therefore, "durable goods" refers to long-lasting or enduring items that can be bought or sold, such as appliances, furniture, or vehicles.
Similar spelling word for DURABLE GOODS
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