durable goods any good that lasts 3 years or more when used on a regular basis, can include both consumer goods and capital goods example: automobile, washing machine, television
consumer goods intended for final use by individuals, goods purchased primarily for personal, family, and household used example: food, clothing what is the most common consumer good purchased? bread capital goods any goods used by an organization to produce other goods, goods used in the production of commodities or producers' goods
capital goods any goods used by an organization to produce other goods, goods used in the production of commodities or producers' goods example: oven in a bakery, tools, dump truck durable goods any good that lasts 3 years or more when used on a regular basis, can include both consumer goods and capital goods
any goods used by an organization to produce other goods, goods used in the production of commodities or producers' goods example: oven in a bakery, tools, dump truck