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Definition: Durable good

Purchasing power parities

A good that can be used repeatedly or continuously over a period of considerably more than one year and has a substantially higher purchasers’ price than semi-durable goods and non-durable goods.
Eurostat, Organization for Economic Cooperation and Development (OECD), "Eurostat-OECD Methodological Manual on Purchasing Power Parities", Publications Office of the European Union, Luxembourg, 2012