1.

Give the meaning of durable goods with examples.

Answer»

Durable goods and Perishable goods:

(a) Durable goods:
Goods that can be stored and used repeatedly for a long period of time are called durable goods.
Example: Shoes, clothes, television, refrigerator, etc.

(b) Perishable goods:
Goods that do not last long and can be consumed only once are known as perishable goods.
Example: Milk, fruits, meat, etc.



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