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An example of non durable goods is
  • a)
    TV
  • b)
    Milk
  • c)
    Microwave
  • d)
    None of These
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
An example of non durable goods isa)TVb)Milkc)Microwaved)None of These...
Milk and Bread are examples of Non-durable good. Non-durable gods are those goods which are used-up in a single act of consumption. Bread and milk are used-up in a single act of consumption. The same milk or bread cannot be used again.
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An example of non durable goods isa)TVb)Milkc)Microwaved)None of These...
Non-durable goods, also known as perishable goods, are products that have a short lifespan and are consumed or used up quickly. These goods are typically purchased frequently and need to be replenished regularly. Let's understand why option 'B' (Milk) is an example of a non-durable good.

- **Definition of Non-Durable Goods:**
Non-durable goods are tangible items that are typically used up or worn out within a short period of time, usually less than three years. These goods are consumed or used up in a few uses or have a short shelf life. Examples of non-durable goods include food, beverages, toiletries, cleaning products, and other items that are easily perishable or used up quickly.

- **Explanation of Option 'B' (Milk) as a Non-Durable Good:**
Milk is a prime example of a non-durable good because it has a limited shelf life and needs to be consumed within a specific timeframe. Here's why milk fits the criteria of a non-durable good:

1. **Perishability:** Milk is a highly perishable product and can spoil quickly if not refrigerated. It has a limited shelf life, usually around a week, depending on the temperature at which it is stored. After that, it becomes unfit for consumption.

2. **Consumption Rate:** Milk is a product that is consumed regularly by many households. It is used in various forms such as drinking, cooking, or as an ingredient in other food items. Due to its high consumption rate, it needs to be replenished frequently.

3. **Limited Usage:** Milk is typically consumed in a few uses. Once opened, it is advised to be consumed within a few days to avoid spoilage. This limited usage makes it a non-durable good as it is used up quickly.

4. **Frequent Purchase:** Due to the perishable nature of milk, consumers need to buy it frequently to ensure they have a fresh supply. This regular purchase pattern is a characteristic of non-durable goods.

- **Conclusion:**
In conclusion, milk is a classic example of a non-durable good because it is highly perishable, has a limited shelf life, needs to be consumed within a short timeframe, and requires frequent replenishment. Non-durable goods, like milk, are essential for daily life and need to be purchased frequently to meet the immediate needs of consumers.
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In a poor country like India, as income rises people first concentrate on increasing their consumption of what they regard as basic or more essential consumer goods. For the poor, these goods would primarily include cereals and for people at successive levels of higher income protective foods, simple non-food consumer goods, more modern, better quality non-food consumer goods and simple consumer durables, better quality consumer goods, and so on. When the demand for basic and more essential consumer goods is more or less met, demand for the next higher level of consumer goods begins to impinge on consumer decision making and their consumption increases. There is thus a hierarchy of income levels and a hierarchy of consumer goods. As incomes rise and one approaches the turning point referred to, there is an upward movement along the hierarchy in the demand for consumer goods which exhibits itself in a relative increase in the demand for these goods. If one examines the past consumption behaviour of households in India, one finds confirmation of the proposition just made. Until the mid seventies one notices a rise in the proportion of consumption expenditure on cereals, and thereafter, a steady decline reflecting a progressive increase in the relative expenditure on non-cereal or protective foods. About the same time the rising trend in the share of food in total consumption expenditure also begins to decline, raising the proportion of expenditure on non-food consumer goods. Simultaneously one also notices a sharper rise in the proportion of expenditure on consumer durables. Thus, what one sees is an upward movement in consumer demand along the hierarchy of consumer goods which amounts to a major change in consumer behaviour.Prices of protective food have risen because

In a poor country like India, as income rises people first concentrate on increasing their consumption of what they regard as basic or more essential consumer goods. For the poor, these goods would primarily include cereals and for people at successive levels of higher income protective foods, simple non-food consumer goods, more modern, better quality non-food consumer goods and simple consumer durables, better quality consumer goods, and so on. When the demand for basic and more essential consumer goods is more or less met, demand for the next higher level of consumer goods begins to impinge on consumer decision making and their consumption increases. There is thus a hierarchy of income levels and a hierarchy of consumer goods. As incomes rise and one approaches the turning point referred to, there is an upward movement along the hierarchy in the demand for consumer goods which exhibits itself in a relative increase in the demand for these goods. If one examines the past consumption behaviour of households in India, one finds confirmation of the proposition just made. Until the mid seventies one notices a rise in the proportion of consumption expenditure on cereals, and thereafter, a steady decline reflecting a progressive increase in the relative expenditure on non-cereal or protective foods. About the same time the rising trend in the share of food in total consumption expenditure also begins to decline, raising the proportion of expenditure on non-food consumer goods. Simultaneously one also notices a sharper rise in the proportion of expenditure on consumer durables. Thus, what one sees is an upward movement in consumer demand along the hierarchy of consumer goods which amounts to a major change in consumer behaviour.As income rises in a poor country like India, the poor people concentrate on increasing their consumption of

In a poor country like India, as income rises people first concentrate on increasing their consumption of what they regard as basic or more essential consumer goods. For the poor, these goods would primarily include cereals and for people at successive levels of higher income protective foods, simple non-food consumer goods, more modern, better quality non-food consumer goods and simple consumer durables, better quality consumer goods, and so on. When the demand for basic and more essential consumer goods is more or less met, demand for the next higher level of consumer goods begins to impinge on consumer decision making and their consumption increases. There is thus a hierarchy of income levels and a hierarchy of consumer goods. As incomes rise and one approaches the turning point referred to, there is an upward movement along the hierarchy in the demand for consumer goods which exhibits itself in a relative increase in the demand for these goods. If one examines the past consumption behaviour of households in India, one finds confirmation of the proposition just made. Until the mid seventies one notices a rise in the proportion of consumption expenditure on cereals, and thereafter, a steady decline reflecting a progressive increase in the relative expenditure on non-cereal or protective foods. About the same time the rising trend in the share of food in total consumption expenditure also begins to decline, raising the proportion of expenditure on non-food consumer goods. Simultaneously one also notices a sharper rise in the proportion of expenditure on consumer durables. Thus, what one sees is an upward movement in consumer demand along the hierarchy of consumer goods which amounts to a major change in consumer behaviour.Whenever there is a decline in the proportion of consumption expenditure on cereals

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An example of non durable goods isa)TVb)Milkc)Microwaved)None of TheseCorrect answer is option 'B'. Can you explain this answer?
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