nondurable household goods

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• Durable good — A car is a durable good. The gasoline that powers it is a non durable good. 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 …   Wikipedia

• Rivalry (economics) — In economics, rivalry is a characteristic of a good. A good can be placed along a continuum ranging from rivalrous (rival) to non rival. The same characteristic is sometimes referred to as subtractable or non subtractable [1]. A rival… …   Wikipedia

• economic forecasting — Prediction of future economic activity and developments. Economic forecasts, which range from a few weeks to many years, are widely used in business and government to help formulate policy and strategy. Macroeconomic forecasts predict the course… …   Universalium

• Ecuador — <p></p> <p></p> Introduction ::Ecuador <p></p> Background: <p></p> What is now Ecuador formed part of the northern Inca Empire until the Spanish conquest in 1533. Quito became a seat of Spanish… …   The World Factbook

• Colombia — Colombian, adj., n. /keuh lum bee euh/; Sp. /kaw lawm byah/, n. a republic in NW South America. 37,418,290; 439,828 sq. mi. (1,139,155 sq. km). Cap.: Bogotá. * * * Colombia Introduction Colombia Background: Colombia was one of the three countries …   Universalium

• Taiwan — /tuy wahn /, n. Wade Giles, Pinyin. a Chinese island separated from the SE coast of China by Taiwan Strait: a possession of Japan 1895 1945; restored to China 1945; seat of the Republic of China since 1949. Cap.: Taipei. Also called Formosa. * *… …   Universalium

• Nicaragua — Nicaraguan, n., adj. /nik euh rah gweuh/, n. 1. a republic in Central America. 4,386,399; 57,143 sq. mi. (148,000 sq. km). Cap.: Managua. 2. Lake. Spanish, Lago de Nicaragua. a lake in SW Nicaragua. 92 mi. (148 km) long; 34 mi. (55 km) wide; 3060 …   Universalium

• consumption — /keuhn sump sheuhn/, n. 1. the act of consuming, as by use, decay, or destruction. 2. the amount consumed: the high consumption of gasoline. 3. Econ. the using up of goods and services having an exchangeable value. 4. Pathol. a. Older Use.… …   Universalium

• Consumer spending — or consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. There are two variants of consumption in the aggregate demand model,… …   Wikipedia

• India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

• consumer good — ▪ economics       in economics, any tangible commodity produced and subsequently purchased to satisfy the current wants and perceived needs of the buyer (consumption). Consumer goods are divided into three categories: durable goods, nondurable… …   Universalium