explain durable good and perishable goods with example
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Perishable or non-durable goods refer to the goods that have a single use. For example, cement, coal, fuel, and eatables. On the other hand, durable goods refer to goods that can be used repeatedly. For example, clothes, shoes, machines, and buildings. Perishable goods satisfy the present demand of individuals.
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Examples of consumer durable goods include automobiles, books, household goods (home appliances, consumer electronics, furniture, tools, etc.), sports equipment, jewelry, medical equipment, firearms, and toys. Nondurable goods or soft goods (consumables) are the opposite of durable goods.
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