A car (Toyota Corolla S) is a durable good in economics.

In economics, a durable good or a hard good is a good which does not quickly wear out, or more specifically, it yields services or utility over time rather than being completely used up when used once. Most goods are therefore durable goods to a certain degree. Perfectly durable goods never wear out. Download high resolution version (1024x728, 182 KB) Wikipedia does not have an article with this exact name. ... Download high resolution version (1024x728, 182 KB) Wikipedia does not have an article with this exact name. ... Karl Benzs Velo model (1894) - entered into the first automobile race An automobile (or motor car) is a wheeled passenger vehicle that carries its own motor. ... This page is about the auto sedan Corolla manufactured by Toyota. ... Face-to-face trading interactions among on the New York Stock Exchange trading floor Economics, as a social science, studies human choice behavior and how it affects the production, distribution, and consumption of scarce resources. ... A good in economics is any physical object (natural or man-made) or service that, upon consumption, increases utility, and therefore can be sold at a price in a market. ... Services are: plural of service Tertiary sector of industry IRC services Web services the name of a first-class cricket team in India This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... In economics, utility is a measure of the happiness or satisfaction gained consuming good and services. ...

Examples of durable goods include cars, appliances, business equipment, electronic equipment, home furnishings and fixtures, houseware and accessories, photographic equipment, recreational goods, sporting goods, toys and games.

Nondurable goods or soft goods are the opposite of durable goods. They may be defined either as goods that are used up when used once, or that have a lifespan of less than 3 years.

Examples of nondurable goods include cosmetics, food, cleaning products, office supplies, packaging and containers, paper and paper products, personal products, rubber, plastics, textiles, clothing, footwear and most services.

Durable goods, nondurable goods and services together constitute the consumption of an economy. In economics and marketing, a service is the non-material equivalent of a good. ... In Keynesian economics consumption refers to personal consumption expenditure, i. ...

Waste minimisation

Product durability is a way of reducing waste and in the majority of cases extension of the life of a product can make a major contribution to resource optimisation. This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ...

There are however some instances where extending the life of an item could actually be a negative approach in total environmental terms. The past decade has seen remarkable technological achievements with the widespread use of the microchip; these advances in technology are likely to continue with improvements in the efficiency of a host of appliences and machinery. The design of an item with too much durability may mean replacement with newer technology is likely to be delayed. For example, a washing machine produced 10 years ago, may typically use double the amount of water , detergent and energy to one produced today. Extending the useful life of products may place a heavier burden on the environment than sending the old products to be scrapped, recycled. Motor cars are another example: generally old vehicles consume more fuel and produce more emissions than their modern counterparts.

In many respects the way forward is to look at any manufactured product as not being waste at the end of its useful life for its intended purpose but rather as a resource for recycle and reuse. Recycling is aided by the use of fewer different materials in a single product, for example the recent switch by car manufacturers to use only three or four types of plastic, instead of more than twenty, has simplified the recovery of plastics from scrap cars. Sometimes a combination of paper and plastic , or plastic coating on glass, enables a product to fulfill its role with the minimum resources, but, because of the mixed materials, it is harder to recycle, than for example - an all paper item. The international symbol for recycling. ... This article or section does not cite its references or sources. ... The international recycling symbol. ... Household items made out of plastic. ...

There will always be some conflict between reducing to a minimum the resources used to make a product and the possibility of reuse of, or recycling, the product. For example, in order to make a refillable glass bottle strong enough to withstand several trips between consumer and bottling plant, the bottle must be made stronger, which uses more glass. The heavier the container, the more transport needed to carry it, and its contents, to a destination. Transport has a large environmental impact, therefore there has to be a careful evaluation of the number of return trips each bottle makes set against the increased resource used in making it refillable. If the refillable bottle is thrown away and not returned, or only refilled once or twice, the resources wasted are greater than if the bottle had been designed for single use. This article or section does not cite its references or sources. ... The international recycling symbol. ...

Many choices involve a trade off, as far as environmental impact is concerned, and often there is insufficient information on which to base those choices. Environmental impact analysis is conducted to determine the likely human environmental health impact, risk to ecological health, and changes to natures services that a proposed or ongoing project may bring, or is bringing. ...