nondurable good

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• nondurable — 1. adjective Providing useful services for only one period, especially a year. 2. noun A nondurable good. Ant: durable …   Wiktionary

• Rival Good — A type of good that may only be possessed or consumed by a single user. Using a rival good prevents its use by other possible users. Rival goods can be durable, where users may use them one at a time, or nondurable, where consumption destroys the …   Investment dictionary

• Durable good — A car is a durable good. The gasoline that powers it is a non durable good. In economics, a durable good or a hard good is a good that does not quickly wear out, or more specifically, one that yields utility over time rather than being completely …   Wikipedia

• consumer good — ▪ economics       in economics, any tangible commodity produced and subsequently purchased to satisfy the current wants and perceived needs of the buyer (consumption). Consumer goods are divided into three categories: durable goods, nondurable… …   Universalium

• Rivalry (economics) — In economics, rivalry is a characteristic of a good. A good can be placed along a continuum ranging from rivalrous (rival) to non rival. The same characteristic is sometimes referred to as subtractable or non subtractable [1]. A rival… …   Wikipedia

• consumption — /keuhn sump sheuhn/, n. 1. the act of consuming, as by use, decay, or destruction. 2. the amount consumed: the high consumption of gasoline. 3. Econ. the using up of goods and services having an exchangeable value. 4. Pathol. a. Older Use.… …   Universalium

• Consumer spending — or consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. There are two variants of consumption in the aggregate demand model,… …   Wikipedia

• India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

• Southeast Asian arts — Literary, performing, and visual arts of Myanmar (Burma), Thailand, Laos, Cambodia, Vietnam, Malaysia, Singapore, and the Philippines. The classical literatures of Southeast Asia can be divided into three major regions: the Sanskrit region of… …   Universalium

• Africa — /af ri keuh/, n. 1. a continent S of Europe and between the Atlantic and Indian oceans. 551,000,000; ab. 11,700,000 sq. mi. (30,303,000 sq. km). adj. 2. African. * * * I Second largest continent on Earth. It is bounded by the Mediterranean Sea,… …   Universalium

• economic forecasting — Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Macroeconomic forecasts predict the course… …   Universalium