What is defined as non-durable goods?

Non-durable goods are items that are typically consumed or used up quickly, often within a short time frame, such as less than a year. This category includes products like food, beverages, cleaning supplies, and other household necessities that have a limited lifespan due to their nature or intended use. Such goods are characterized by their quick turnover in consumption and are essential for everyday living.

In contrast, the other definitions provided pertain to durable goods that are designed to last multiple years without significant deterioration. Non-durable goods serve an immediate need and are re-purchased frequently, distinguishing them from longer-lasting items. This distinction is crucial for understanding consumer behavior and the economy's dynamics, as non-durable goods are often tied to recurring spending patterns.