Question

“All consumption goods are durable in nature.”
Defend or refute the given statement with the help of a suitable example.

Hint:

All consumption goods are not durable; some are used immediately like milk or food.

Answer 1

The statement is incorrect. All consumption goods are not durable in nature. Consumption goods are classified into two types:
Durable Consumption Goods: Last for a long time and used repeatedly, e.g., car, TV.
Non-Durable Consumption Goods: Consumed in a single use, e.g., milk, food, fuel. Hence, consumption goods may or may not be durable.