Goods that are typically expensive and consumed over long periods of time are known as _____.

Name: Goods that are typically expensive and consumed over long periods of time are known as _____.
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Question

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Durable goods are typically expensive items such as cars, furniture, and appliances that are designed to last for an extended period of time. They are often considered investments since they are consumed over a longer period and therefore require a higher initial investment.

Goods That Are Typically Expensive and Consumed Over Long Periods