What's a Durable Good?

What's a Durable Good?

In economics, a durable good or a hard good or consumer durable is a good that does not quickly wear out or, more specifically, one that yields utility over time rather than being completely consumed in one use.

What is an example of a durable good?

Examples of consumer durable goods include appliances such as washers, dryers, refrigerators, and air conditioners; tools; computers, televisions, and other electronics; jewelry; cars and trucks; and home and office furnishings.

What is the meaning of durable goods with example?

Consumer durable goods are purchased and used repeatedly or continuously for an extended period of time. Examples of consumer durable goods include: Cars. Appliances. Furniture.

David Miller
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David Miller

David Miller brings 15 years of experience in global economics, personal finance strategy, and market dynamics. He specializes in turning complex economic trends into actionable insights for everyday readers.