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Why are secondary groups essential to the functioning of society?
Durable Goods
Goods that are intended to last for a long period of time, such as cars, appliances, and furniture, typically requiring more significant investment than non-durable goods.
Nondurable Goods
Items that are consumed or are only useable for a short period before they need replacement due to wear or consumption.
Services
Tasks or activities performed by individuals or companies for the benefit of others, typically in exchange for payment, and are intangible in nature.
Disposable Income
Funding available to households for their spending and saving plans post income tax cuts.
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