Which type of good is described as one that does not quickly wear out?

Durable goods are characterized by their ability to withstand wear and usage over time, making them long-lasting and often used repeatedly. These items typically have a useful life span of three years or more and remain functional through extended periods of usage. Examples include appliances, vehicles, and furniture, which do not need to be replaced frequently and are an investment for consumers.

Understanding the distinction of durable goods is vital, as it also relates to consumer behavior and economic factors. Consumers evaluate the longevity and durability of goods when making purchasing decisions. This attribute sets durable goods apart from non-durable goods, which are intended for immediate consumption or have a shorter life span, such as food and toiletries.

By recognizing the significance of durable goods in the market, one can appreciate how they influence economic indicators like consumer spending and manufacturing output.