Find out Utility of consumer durable items
Consumer durable loans are financing options that are provided for the purchase of durable household items. These items basically include all types of electrical and electronics home appliances and some of the examples are, washing machines, televisions, refrigerators, mobiles, and laptops. It can also include other household products like furniture, apparel, and even groceries. Utility of consumer durable items: The importance of consumer durable products lies in the fact that these products usually last for few years and are essential to make our life more convenient and stress-free. But the challenge is that despite their utility, purchasing such items can be difficult due to their price that only increases with every passing year. The cost of these items is increased by the hike in raw materials, inflation, and ever-changing taxes. Despite the ever-rising price of these items, their demand goes on rising with every passing year. This can be attributed to the fact that nowaday...