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Nondurable goods

Business Nondiversifiable riskNon-excludability

nondurable goods
goods that do not last a long time, are quickly consumed, and so must continually be replaced by consumers. Food is the most prevalent example of nondurable goods.
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Nondurable Goods
Definition: Goods that are quickly consumed such as food.

NONDURABLE GOODS, CONSUMPTION: Personal consumption expenditures on tangible goods that tend to last for less than a year. Common examples are food, clothing, and gasoline.

See also: Gross domestic product, National income, Tip, Feedback, Consumption expenditures

Business Nondiversifiable riskNon-excludability

 
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