durable good
Learn about this topic in these articles:
consumption
- In consumption: Consumption and the business cycle
Durable goods are generally defined as those whose expected lifetime is greater than three years, and spending on durable goods is much more volatile than spending in the other two categories. Services include a broad range of items including telephone and utility service, legal and…
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description
- In consumer good
Consumer durable goods have a significant life span, often three years or more (although some authorities classify goods with life spans of as little as one year as durable). As with capital goods (tangible items such as buildings, machinery, and equipment produced and used in the…
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forecasting consumer spending
- In economic forecasting: Forecasting the GNP and its elements
…have their main effect on durable goods such as automobiles and household appliances; spending is far more stable for nondurables (food, clothing, and the like) and for services.
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visible trade
- In visible trade
These consumer goods may be durable (consumed over a period of time), as are appliances or automobiles, or nondurable (consumed almost immediately), as is food. Visible trade also includes the export and import of goods used directly in the production of other goods and services (capital goods) such as industrial…
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