3 ms·
Econ 101: product with a life span of at least 3 years. http://www.esa.doc.gov/about-economic-indicators http://www.esa.doc.gov/about-economic-indicators http:
by trenton 16y ago
Econ 101: product with a life span of at least 3 years.
http://www.esa.doc.gov/about-economic-indicators http://www.esa.doc.gov/about-economic-indicators
http://en.wikipedia.org/wiki/Durable_good http://en.wikipedia.org/wiki/Durable_good
- RyanMcGreal 16y agoYes, you're correct by the definition. I was thinking in terms similar to those articulated more clearly in this comment by RyanHolliday: http://news.ycombinator.com/item?id=2284071 http://news.ycombinator.com/item?id=2284071 A car loses 30% of its value as you roll it off the lot, and it continues losing value steadily until the cost of keeping it on the road surpasses the cost of buying a replacement.