perishable products are inelastic products as they have less substitutes as compared to durable products which have more substiutes
Perishable goods are items that have a limited shelf life and can spoil or degrade quickly, such as food products and certain pharmaceuticals. In contrast, durable goods are items designed for long-term use, typically lasting three years or more, like appliances, vehicles, and furniture. The key difference lies in their longevity and the frequency of consumer repurchase; perishable goods need to be replaced more often due to their short lifespan.
the difffence of a non durable good and a durable good is nothing they are different names
Non durable goods means perishable goods like tomatoes...etc
In economics, perishable goods are items that have a limited shelf life and can spoil or become unusable over time, such as food products and flowers. Durable goods, on the other hand, are items that have a longer lifespan and can be used repeatedly over time, like appliances, vehicles, and furniture. The distinction is important for understanding consumer behavior, production cycles, and inventory management. Perishable goods often require faster turnover, while durable goods may involve longer-term investment decisions.
Durable goods are those that are not often replaced such as cars, refrigerators, furniture and machinery. Nondurable goods are also known as consumables such as food, clothing, and energy.
Non durable goods means perishable goods like tomatoes...etc
the difffence of a non durable good and a durable good is nothing they are different names
Non durable goods means perishable goods like tomatoes...etc
Goods that are neither perishable nor lasting, such as clothing or furniture
These perishable goods go in the refrigerator.
Durable goods are those that are not often replaced such as cars, refrigerators, furniture and machinery. Nondurable goods are also known as consumables such as food, clothing, and energy.
Consumer Goods: whatever the things used or consumed by human is called consumer goods Durable goods: The goods which can be used for more than 3 years or which cannot be destroyed by one use is called Durable goods
Paper is not considered a durable good in economics because it is typically used once and then disposed of due to its perishable nature. Durable goods are items that have a longer lifespan and can be used repeatedly over time.
difference between production company and manufacturing company
Durables are goods such as motorized vehicles and household appliances. Semidurables are goods such as clothes.
It means it wont out date.
hoarding