state the classification of consumers in economics
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Consumers create more demand for all the types of consumer goods, like durable, semi- durable and perishable goods. Durable consumer goods include furniture, utensils, televisions, etc. and for semi-durable goods like clothes, books, shoes etc.
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From a marketing standpoint, the consumers goods can be classified into four categories.
- Convenience goods
- shopping goods
- speciality goods
- unsought goods
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