🛠Consumables are goods used by individuals and businesses that must be replaced regularly because they wear out or are used up.
🛠They can also be defined as the components of an end product that is used up or permanently altered in the process of manufacturing such as semiconductor wafers and basic chemicals.
🛠Consumables refer to products used for day-to-day living (e.g., food and clothing) that are used up or depleted during their consumption,
🛠Consumables producers are usually considered safe investments in any economic environment as these goods must constantly be repurchased.
🛠Retailers often make hefty profits by selling consumables—which can range from non-cyclical staple goods to discretionary items whose demand changes with the overall economy.
🛠Consumables can be classified either as non-durable (soft goods) or durable goods that are consumed once and persist.
