Routledge Dictionary of Economics, Second Edition
A consumer GOOD not immediately consumed but the producer of a stream of services over a period of years. Vehicles, electrical goods and other durable household articles are major examples.
Unlike the services of houses, there is no inclusion of the benefits of consumer durable own-ership and allowance for their depreciation in NATIONAL INCOME accounts. Despite consumer durables resembling the fixed capital used by firms, they are classified as part of consumption. However, as their purchase often requires CONSUMER CREDIT, like fixed capital, they are subject to a fluctuating demand sensitive to monetary policy.
See also: brown good; white good
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