What are the different types of product according to durability?

Products can be categorized into three main types based on durability: durable goods, nondurable goods, and services. Durable goods are items that have a long lifespan and can be used repeatedly, such as appliances and vehicles. Nondurable goods are consumed or used up quickly, like food and toiletries. Services, while not physical products, are also included in this classification as they provide value but do not have a lasting physical presence.