What category of commodity does a car belong to?
1 Answers
Automobiles fall under the category of consumer goods. Detailed introduction is as follows: 1. Consumer Goods: Consumer goods are the portion of social products used to satisfy people's material and cultural life needs. They can also be referred to as "means of consumption" or "means of subsistence". Based on the hierarchy of needs they fulfill, they can be classified into survival goods (such as basic consumer items for clothing, food, shelter, and daily use), development goods (such as sports and cultural items for physical and intellectual development), and luxury goods (such as high-end nutritional products, extravagant clothing, and art collectibles). According to the duration of use, they can be divided into ordinary consumer goods for one-time or short-term use and durable consumer goods for long-term use. 2. Durable Consumer Goods: Due to their infrequent purchase, consumer behavior and decision-making for durable goods are more cautious. Typical examples of durable consumer goods include household appliances, furniture, and automobiles.