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Durable goods are often considered volatile because their demand is sensitive to economic cycles and consumer confidence. When the economy is strong, consumers are more likely to make significant purchases, such as cars or appliances, leading to spikes in demand. Conversely, during economic downturns, spending on these goods tends to decline sharply, resulting in fluctuating sales figures. Additionally, factors like interest rates and credit availability can further amplify this volatility.
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What is the most volatile asspect of expenditure in economics?
If you mean the expenditure approach to calculating GDP, then C+I+G+NX Investment is the most volatile, meaning that it changes the most with aggregate shocks to the economy. Some measures of consumtpion like durable goods are also volatile.
What are durable goods?
Consumer durable goods are those goods which we need to plan and buy .. we need planning behind buying like you want to buy a bike, a car , home furnishing .... The goods which are costly and need maintenance are durable goods .. companies of durable goods ... LG , PANASONIC , VIDEOCON ETC ETC
Do durable goods include both consumer goods and capital goods?
Yes. Durable goods as such are those goods which have a long expiry date.
What is the difference between durable goods and non-durable goods?
the difffence of a non durable good and a durable good is nothing they are different names
Examples of durable goods?
Household appliances, exercise bikes, or machinery that can be expected to be usable for three to five years are considered to be durable goods.
Difference of consumer goods and durable goods?
Consumer Goods: whatever the things used or consumed by human is called consumer goods Durable goods: The goods which can be used for more than 3 years or which cannot be destroyed by one use is called Durable goods
What are some durable goods?
plastic goods
What are some examples of non-durable goods and how do they differ from durable goods?
Non-durable goods are items that are consumed or used up quickly, such as food, toiletries, and gasoline. They differ from durable goods, which are products that are designed to last for an extended period of time, like appliances, furniture, and electronics. The main distinction is that non-durable goods have a shorter lifespan and are typically used up or replaced more frequently than durable goods.
Durable goods intended for final use by individuals are called?
Consumer goods are durable goods intended for final use by individuals.
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
Differentiate between durable and semi durable consumer goods?
Durables are goods such as motorized vehicles and household appliances. Semidurables are goods such as clothes.
Are tires durable or nondurable goods?
nondurable goods
