Differentiate between durable and non-durable goods.

Question

Following are the points of distinction between durable and non-durable goods:Durable GoodsNon-durable Goods(i) Durable...

Accepted Answer

Following are the points of distinction between durable and non-durable goods:Durable GoodsNon-durable Goods(i) Durable...

Durable Goods	Non-durable Goods
(i) Durable goods are those goods which can be used again and again.	(i) Non-durable goods are those goods which can be used only once.
(ii) Demand for durable goods is for long period.	(ii) Demand for non-durable goods is for short period.
(iii) Durable-use goods are of two types- Durable-use consumers goods and durable-use producer goods.	(iii) Non-durable goods are of two types- Single-use consumer goods and single-use producer goods.
(iv) Car, television, tractor, refrigerator etc. are the durable use goods.	(iv) Fruits, bread, milk, gas, petrol etc. are single-use goods or non-durable goods.