Question

Provide three examples of each: consumer durable goods, consumer non-durable goods, and services.

Short answer

Examples of consumer durable goods are furniture, T.V, refrigerators.

Examples of consumer non-durable goods are food items, clothing, bulb

Examples of services include haircuts, laundry, repairing, and mechanical works.

Step-by-step solution

Consumer goods

Consumer goods refer to those goods bought by average individuals for their consumption, also known as final goods. Consumers purchase these goods to satisfy their wants. The consumer goods are classified as three:

• Durable goods

• Non-durable goods and

• Pure services

Types of consumer goods

The durables are those goods that can be purchased for more than three years. These are bought by consumers with a long-term view in a utility sense.The furniture, home appliances like T.V and fridges are examples of consumer durables goods.

Non-durable goods arethose goods that can only be used for less than three years.They will wear out after using it for a much longer term. Examples of nondurable goods include food and beverages, clothing, and tube lights or bulbs.

The pure services include the services which consumers avail themselves in their daily life. These are the intangible functions in everyday life, and includes services like haircut, laundry, repairing, and mechanical services.