noun a consumer good that is not quickly worn out or consumed
In finance, durables can refer to assets or investments that retain value over time, such as real estate or precious metals.
Durables refer to goods that have a long lifespan and are used over an extended period of time, such as appliances, cars, and furniture.
Durables are produced with an emphasis on quality and longevity, often requiring higher upfront costs but providing value over time.
Durables are often marketed based on their quality, durability, and long-term value to the consumer.
Consumers may prioritize durables over non-durables when making purchasing decisions, considering factors like longevity and quality.
In the context of a writer discussing consumer spending habits, they may mention the purchase of durables such as electronics or appliances.
A psychologist may study the impact of consumer durables on individual well-being and satisfaction levels.
Economists often analyze trends in durables spending as an indicator of overall economic health and consumer confidence.
Marketing managers may focus on promoting durables through targeted advertising campaigns to increase sales.