APT Initiatives
APT Business & Economics Resources
Minimising Workloads, Maximising Performance
Established in 1999

Special Items

Durable goods

Goods that can be used repeatedly for a long period of time such as cars, televisions, computers, microwaves, tables and chairs. They tend to be high value items and can be classed as luxuries, requiring a significant amount of investment. Such purchases can be postponed or brought forward. When economic activity is low, or consumers anticipate a downturn, they tend to cut back on luxury goods and services until their incomes rise again. Cutting back on such luxuries might have a significant impact on GDP and might well fuel a recession, leading to lay-offs and business closure in industries supplying such products.

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