What are the key differences between durable goods and non-durable goods in terms of their longevity and impact on consumer spending habits?

Durable goods are products that are designed to last for an extended period of time, such as appliances or furniture, while non-durable goods are items that are used up quickly, like food or toiletries. Durable goods typically have a longer lifespan and are considered long-term investments, while non-durable goods are consumed quickly and need to be replaced frequently. Consumer spending on durable goods is often more influenced by economic conditions and long-term planning, while spending on non-durable goods is more immediate and based on daily needs.