durable goods - meaning and definition. What is durable goods
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What (who) is durable goods - definition

GOOD THAT DOES NOT QUICKLY WEAR OUT
Difference between hard goods, soft goods, and dry goods; Durable Good; Hard good; Consumer durables; Consumer durable; Durable goods; Durables; Hard goods; Consumer Durables
  • Stopping the production of non-durable goods was supported by many European respondents to the European Investment Bank Climate Survey. It was a less popular idea in China.

durable goods         
or durables
Durable goods or durables are goods such as televisions or cars which are expected to last a long time, and are bought infrequently. (mainly AM; in BRIT, usually use consumer durables
)
N-PLURAL
consumer durables         
¦ plural noun products expected to have a long useful life.
durables         

Wikipedia

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. Items like bricks could be considered perfectly durable goods because they should theoretically never wear out. Highly durable goods such as refrigerators or cars usually continue to be useful for several years of use, so durable goods are typically characterized by long periods between successive purchases.

Durable goods are known to form an imperative part of economic production. This can be exemplified from the fact that personal expenditures on durables exceeded the total value of $800 billion in 2000. In the year 2000 itself, durable goods production composed of approximately 60 percent of aggregate production within the manufacturing sector in the United States.

Examples of consumer durable goods include bicycles, books, household goods (home appliances, consumer electronics, furniture, tools, etc.), sports equipment, jewelry, medical equipment, and toys.

Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are immediately consumed in one use or ones that have a lifespan of less than three years.

Examples of nondurable goods include fast-moving consumer goods such as cosmetics and cleaning products, food, condiments, fuel, beer, cigarettes and tobacco, medication, office supplies, packaging and containers, paper and paper products, personal products, rubber, plastics, textiles, clothing, and footwear.

While durable goods can usually be rented as well as bought, nondurable goods generally are not rented.

Examples of use of durable goods
1. Manpower said 18 percent of companies in the durable goods sector plan to hire in the third quarter and 10 percent in the non–durable goods sector.
2. But imports of other durable goods also rose sharply.
3. Shipments of durable goods rose 1.7 per cent in August.
4. Orders for durable goods jumped 3.4 per cent in October.
5. Later on Wednesday, new home sales and durable goods data is released in the US.