Twitter Google Share on Facebook consumer durable (redirected fromDurable good) Thesaurus Financial Encyclopedia Wikipedia Related to Durable good:consumer durables consumer durable n (Economics) a manufactured product that has a relatively long useful life, such as a car or a television ...
The non-durable goods definition in economics refers to any consumer item that can only be consumed once or can only be used in a short period of time. Defining what is non-durable goods may vary depending on government or agency. The U.S. government states that products that last 3 year...
Hulten, in Handbook of the Economics of Innovation, 2010 3.3.2 The “perpetual inventory method” Capital is both an input and an output of the production process. It is also a durable good (by definition) in which there may be different vintages of past investment goods in operation at ...
Business Economics Price elasticity of demand Why does price-elasticity of demand for durable goods in the short-run differ from than in the...Question:Why does price-elasticity of demand for durable goods in the short-run differ from than in the long-r...
Core durable goods orders refers to new orders for U.S. core durable goods, which are the total durable goods orders excluding transportation equipment.
Morphogenic economics: seven-beat cycles common to durable goods and stem cellsEconomic cycleCatastropheMorphogenic processSeven beatsModel91B5591B6492B2592C15There are several classes of boom-and-bust economic cycles. It has been difficult to predict these cyclic catastrophes systematically, because they...
m unconvinced we can tariff our way back to being a manufacturing powerhouse without a jump in the price of goods in the interim. The economics of opening say, a steel mill, just doesn’t attract investors. Even a new chip fab operation had to...
Definition of Brand Brand is defined as a marketing-related intangible asset including, but not limited to, names, terms, signs, symbols, logos, and designs, intended to identify goods, services, or entities, creating distinctive images and associations in the minds of stakeholders, thereby generat...
According to Wikipedia, a durable good or a hard good in economics is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely consumed in one use. Highly durable goods such as refrigerators, cars, or mobile phones usually ...
The joint identification of utility and discount functions from stated choice data: An application to durable goods adoption. Quantitative Marketing and Economics 12 (4), 331-377. 5Dube, Jean-Pierre H., Gunter J. Hitsch, and Pranav Jindal (2012), "The Joint Identification of Utility and ...