Nondurable Good
A nondurable good is a type of consumer good that is consumed or used up quickly. Examples of nondurable goods include food, beverages, clothing, and gasoline. These goods are typically consumed within three years of purchase and are not expected to last for a long period of time. Nondurable goods are typically purchased more frequently than durable goods, such as furniture or appliances, which are expected to last for several years.
History of Nondurable Goods
The concept of nondurable goods has been around since the early days of commerce. In the past, these goods were often referred to as “consumables” or “perishables” because they were consumed or used up quickly. In the modern economy, nondurable goods are an important part of the consumer spending mix. In the United States, nondurable goods account for about one-third of all consumer spending.
Nondurable goods have become increasingly important in the modern economy as consumer spending habits have changed. Consumers are now more likely to purchase items such as food, beverages, and clothing on a regular basis, rather than purchasing large quantities of these items at once. This has led to an increase in the demand for nondurable goods, as well as an increase in the variety of nondurable goods available.
Comparison of Durable and Nondurable Goods
| Goods | Durability | Frequency of Purchase |
|---|---|---|
| Durable Goods | Long-lasting | Infrequent |
| Nondurable Goods | Short-lived | Frequent |
Summary
Nondurable goods are consumer goods that are consumed or used up quickly. Examples of nondurable goods include food, beverages, clothing, and gasoline. These goods are typically consumed within three years of purchase and are not expected to last for a long period of time. Nondurable goods are typically purchased more frequently than durable goods, such as furniture or appliances, which are expected to last for several years. For more information about nondurable goods, you can visit websites such as the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.
See Also
- Durable Goods
- Consumer Spending
- Consumer Goods
- Perishable Goods
- Consumables
- Grocery Shopping
- Retail Shopping
- Food Shopping
- Clothing Shopping
- Gasoline Shopping
