Dictionary
durable good
noun
A good, as e.g. a household appliance, that yields services or utility over time rather than being used up when used once.
Exact(8)
In this approach, children were regarded as a consumable and durable good, thus allowing the use of the theory of demand of consumer durables.
Cheese was a fairly durable good that could be shipped to markets in the East.
("Will special sauce now be counted as a durable good?" Representative John Dingell asks).
And as a consumptive business model, such a durable good meets our increasingly urgent goals of sustainability.
TOMORROW None WEDNESDAY Durable Good Orders -- October New Home Sales -- October Weekly Jobless Claims THURSDAY None -- (Thanksgiving) FRIDAY None.
Producers (and therefore employers) make money only from the sale of a durable good, not from its continuing use after the sale.
In a separate report, the Commerce Department said durable good orders increased 1.6 percent in June, mostly because demand for aircraft surged.
In an important sense, a house is much like any other durable good: a fall in prices is a boon for those consumers who have yet to buy one.*NBER working paper No. 14204 (July 2008).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com