Share This Article:

Economic Definition of nondurable good. Defined.

Offline Version: PDF

Term nondurable good Definition: A good bought by consumers that tends to last for less than a year. Common examples are food and clothing. The notable thing about nondurable goods is that consumers tend to continue buying them regardless of the ups and downs of the business cycle.

 

« nondurable | consumption nondurable goods »

Permalink: https://glossary.econguru.com/economic-term/nondurable+good

Alphabetical Reference to Over 2,000 Economic Terms