Question:
“All consumption goods are durable in nature.”
Defend or refute the given statement with the help of a suitable example.
“All consumption goods are durable in nature.”
Defend or refute the given statement with the help of a suitable example.
Defend or refute the given statement with the help of a suitable example.
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All consumption goods are not durable; some are used immediately like milk or food.
Updated On: Jun 27, 2025
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Solution and Explanation
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.
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.
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