consumer goods

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Goods that are purchased by members of the public. Consumer durables are consumer goods, such as cars, refrigerators, and television sets, whose useful life extends over a relatively long period. The purchase of a consumer durable falls between consumption and investment. Consumer non-durables or disposables are goods that are used up within a short time after purchase. They include food, drink, newspapers, etc.

Subjects: Business and Management — Law.

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