DURABLES Meaning and
Definition
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Durables, also known as consumer durables or durable goods, refer to a category of goods that are long-lasting and typically used over an extended period. These goods are tangible in nature and are designed to provide utility and satisfaction to consumers over multiple uses.
Durables can encompass a wide range of products, including appliances, electronics, furniture, automobiles, and other items that are intended for regular use and have a longer lifespan compared to non-durable goods. They are meant to withstand wear and tear, and their durability is a crucial aspect that distinguishes them from non-durables.
Consumers often invest a significant amount of money in purchasing durables due to their long-lasting nature. When individuals purchase durable goods, they anticipate that these products will be functional for an extended period, making them a more substantial investment compared to non-durable goods, such as food or toiletries.
Durables are also regarded as an important indicator of economic growth and overall consumer confidence. The sales and production of durables are closely monitored by economists because they often reflect the state of the economy. An increase in durable goods sales typically suggests a growing economy and confident consumers, indicating higher levels of consumer spending and economic activity.
Overall, durables are tangible goods that are designed to provide long-lasting utility and satisfaction to consumers and are a key component of consumer spending and economic growth.
Common Misspellings for DURABLES
Etymology of DURABLES
The word durables comes from the noun durable. The term durable is derived from the Old French word durable which means long-lasting or enduring. The Old French word is further derived from the Latin word durabilis, which has the same meaning. The Latin word is a derivative of the verb durare, which means to last or to endure.
Similar spelling word for DURABLES
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