Definition
A durable good is a product expected to last three years or more.
Why It Matters
Purchases of durable goods reflect consumer confidence.
Example
Cars, furniture, or appliances.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
A durable good is a product expected to last three years or more.
Purchases of durable goods reflect consumer confidence.
Cars, furniture, or appliances.