CSIMarket


Terms Beginning with D
       
       
 

Durable Goods

Economy Term


Durable goods are products that have a long lifespan, typically lasting three years or more, and are used repeatedly rather than being immediately consumed. Examples of durable goods include cars, furniture, appliances, electronics, and industrial equipment. These goods are also known as capital goods, as they are often used in production processes to create other goods.

In the industry, the sale of durable goods is an important metric for economic growth. Durable goods sales are used to measure consumer confidence and personal finances, as people are more likely to purchase big-ticket items like cars and appliances when they are feeling financially secure. The production and sale of durable goods can also create jobs and spur economic activity within industries that manufacture and sell these goods.

Additionally, durable goods sales can be used to inform business investment decisions. Companies that produce durable goods use sales data to forecast demand and adjust their production accordingly. This helps companies to manage inventory levels and avoid overproduction or underproduction.

Overall, the production and sales of durable goods play an important role in shaping the industry and can serve as a valuable indicator of economic performance.




   
     

Durable Goods

Economy Term


Durable goods are products that have a long lifespan, typically lasting three years or more, and are used repeatedly rather than being immediately consumed. Examples of durable goods include cars, furniture, appliances, electronics, and industrial equipment. These goods are also known as capital goods, as they are often used in production processes to create other goods.

In the industry, the sale of durable goods is an important metric for economic growth. Durable goods sales are used to measure consumer confidence and personal finances, as people are more likely to purchase big-ticket items like cars and appliances when they are feeling financially secure. The production and sale of durable goods can also create jobs and spur economic activity within industries that manufacture and sell these goods.

Additionally, durable goods sales can be used to inform business investment decisions. Companies that produce durable goods use sales data to forecast demand and adjust their production accordingly. This helps companies to manage inventory levels and avoid overproduction or underproduction.

Overall, the production and sales of durable goods play an important role in shaping the industry and can serve as a valuable indicator of economic performance.




Related Economy Terms


Help

About us

Advertise