In
economics, a
durable good or a
hard good is a
good that does not quickly wear out, or more specifically, one that yields
utility over time rather than being completely
consumed in one use. Items like
bricks could be considered perfectly durable goods, because they should theoretically never wear out. Highly durable goods such as
refrigerators,
cars, or
mobile phones usually continue to be useful for three or more years of use, so durable goods are typically characterized by long periods between successive purchases.