durable goods definition
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DURABLE GOODS Dictionary entry overview: What does durable goods mean? • DURABLE GOODS (noun) The noun DURABLE GOODS has 1 sense: 1. consumer goods that are not destroyed by use Familiarity information: DURABLE GOODS used as a noun is very rare.
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WaiverProvider.Com Consumable and Durable Medical. Consumable Medical Supplies are nondurable supplies and items that enable activities of daily living. Durable Medical Equipment include some specified, prescriptive equipment required by the individual. Consumable Medical Supplies Requirements and Service Limitations.
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Fast-moving consumer goods Fast-moving consumer goods. Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) are products that are sold quickly and at relatively low cost. Examples include non-durable goods such as soft drinks, toiletries, over-the-counter drugs, processed foods and many other consumables.
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Luxury goods (2007) p. 139]. By definition, a luxury good is a good for which demand increases more than proportionally as income rises. Luxury goods are said to have high income elasticity of demand. In other words, as people become wealthier, they will buy more and more of
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Managed Care Terms Durable medical equipment billing and reimbursement. Definitions. • Durable medical equipment (DME) is any equipment that provides therapeutic benefits to a member because of. certain medical conditions and/or illnesses that can withstand repeated use, is primarily and customarily used to. serve a medical purpose , and is appropriate for use in the home.
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defective product defective product. Consumable, commercially produced and distributed good that is (1) unfit for its intended use, (2) dangerous or harmful for normal use, (3) does not carry adequate instructions for its use, or (4) is inherently dangerous due to defective design, assembly, or manufacture. See also defect.
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Luxury goods Rolls-Royce Phantom is a luxury vehicle. In economics, a luxury good is a good for which demand increases more than proportionally as income rises, and is a contrast to a necessity good, for which demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and Veblen goods. 1 Market characteristics.
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What are 'Durables' Durables is a category of consumer goods that do not have to be purchased frequently. Some examples of durables are appliances, home and office furnishings, lawn and garden equipment, consumer electronics, toys, small tools, sporting goods, photographic equipment, jewelry, motor vehicles and motor vehicle parts, turbines and semiconductors. Also known as durable goods, they tend to last for at least three years.
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durable medical equipment Also found in: Dictionary, Thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia. equipment. necessary tools or provisions. durable medical equipment nonexpendable articles primarily used for medical purposes in cases of illness or injury; this includes hospital beds, respirators, walkers, and apnea monitors. dur·a·ble med·i·cal equip·ment. Rented or purchased medical equipment ordered by a health care provider for use in the home.
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- Contribute to our Open Dictionary. 1  1. able to stay in good condition for a long time and after being used a lot durable high quality steel. Synonyms and related words. 2  2. continuing to exist or work for a long time, even if the situation changes Finding a durable solution will not be easy. Synonyms and related words.
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DEFINITION of 'Durable Goods Orders' BREAKING DOWN 'Durable Goods Orders'. Because investment prices react to economic growth, it is important for investors to be able to recognize trends in the growth of the economy. Orders for factory hard goods can provide information on how busy factories may be in the future.
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Glossary of Billing Terms Durable Medical Equipment (DME): Medical equipment that is ordered by a provider for patient use outside of the facility which can withstand repeated use, is not disposable, is used to serve a medical purpose and is appropriate for the home. Effective Date: See Eligibility Date.
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DEFINITION of 'Durable Goods Orders' Durable Goods Orders. DEFINITION of 'Durable Goods Orders'. An economic indicator released monthly by the Bureau of Census that reflects new orders placed with domestic manufacturers for delivery of factory hard goods (durable goods) in the near term or future.
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consumables Goods which (1) used up (not returned) after issuance from stores, (2) become incorporated into other goods and loose their identity, or (3) cannot be used for their intended purpose without extinguishing or transforming their substance.
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Goods and services Goods are items that are tangible, such as pens, salt, shoes, hats and folders and Services are activities provided by other people, such as doctors, lawn care workers, dentists, barbers, waiters, or online servers. According to economic theory, consumption of goods and services is assumed to provide utility to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services.
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Durable Medical Equipment, Prosthetics, Orthotics and Medical Supplies Some durable medical equipment, prosthetics, orthotics and medical supplies (DMEPOS), also known as durable equipment, are a limited benefit. TRICARE defines covered DMEPOS as: Medically necessary and appropriate for the treatment of an illness or injury.
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- Words near durable in the dictionary. 1  dura mater. 2  dura-mater. 3  durabilities. 4  durability. 5  durable. 6  durable-good. 7  durable goods. 8  durable-goods. 9  durable-medical-equipment. 10  durable power of attorney.
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Definition of 'Inferior Goods' Definition of 'Inferior Goods' Definition: An inferior good is a type of good whose demand declines when income rises. In other words, demand of inferior goods is inversely related to the income of the consumer. Description: For example, there are two commodities in the economy -- wheat flour and jowar flour -- and consumers are consuming both.
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DURABLE GOODS Consumer goods that are not destroyed by use. Classified under: Nouns denoting man-made objects. Synonyms: consumer durables; durable goods; durables. Hypernyms (durable goods is a kind of...): consumer goods (goods (as food or clothing) intended for direct use or consumption) Domain usage: plural; plural form (the form of a word that is used to denote more than one) Hyponyms (each of the following is a kind of durable goods): appliance (durable goods for home or office use)
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Final Goods and Intermediate Goods Intermediate Goods : Intermediate goods refer to those goods which are used either for resale or for further production in the same year. Intermediate Goods include: (i) Goods purchased for resale (like milk purchased by a Dairy Shop). (ii) Goods used for further production (like milk used for making sweets).
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DEFINITION of 'Durable Goods Orders' Durable goods orders come in two releases per month: the advance report on durable goods and the manufacturers' shipments, inventories and orders. An economic indicator released monthly by the Bureau of Census that reflects new orders placed with domestic manufacturers for delivery of factory hard goods (durable goods) in the near term or future.
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Definition of Consumer Goods Definition of Consumer Goods What are consumer goods? What is the definition of the term consumer goods? Consumer goods are the finished products that consumers purchase at retail outlets, grocery stores, etc. For instance - if you walk into the Gap and purchase a new cotton T-shirt, this is a consumer good.
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- 1 Now the impression is of a fickle politician who has lots of ideas but no staying power to see them through. 2  Holidaymakers are a fickle lot, and the next time they might just stay away once and for all.
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- Consumption is normally the largest GDP component. Many persons judge the economic performance of their country mainly in terms of consumption level and dynamics. Composition. First, consumption may be divided according to the durability of the purchased objects. In this vein, a broad classification separates durable goods (as cars and television sets) from non-durable goods (as food) and from services (as restaurant expenditure). These three categories often show different paths of growth.
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Intermediate Goods: Definition & Examples Definition. Intermediate goods are goods that are used by a business in the production of goods or services. Intermediate goods are also referred to as producer goods. A consumer good, on the other hand, is a good purchased by a consumer for personal consumption. In fact, intermediate goods are used to make consumer goods.
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- English Synonyms and Antonyms(0.00 / 0 votes)Rate these synonyms: Durable (Latin durus, hard) is said almost wholly of material substances that resist wear; lasting is said of either material or immaterial things.