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nondurable good
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consumer goods
- In consumer good
Consumer nondurable goods are purchased for immediate or almost immediate consumption and have a life span ranging from minutes to three years. Common examples of these are food, beverages, clothing, shoes, and gasoline.
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consumption
- In consumption: Consumption and the business cycle
Nondurable goods include food and other immediately perishable items (sometimes called “strictly nondurable goods”) as well as some items that can be expected to last for a substantial period of time, such as clothing.
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visible trade
- In visible trade
…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 machinery and equipment.
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