Durable goods and Perishable goods:
(a) Durable goods:
Goods that can be stored and used repeatedly for a long period of time are called durable goods.
Example: Shoes, clothes, television, refrigerator, etc.
(b) Perishable goods:
Goods that do not last long and can be consumed only once are known as perishable goods.
Example: Milk, fruits, meat, etc.
