Nondurable goods are products that are consumed or used up quickly, typically within three years. Examples include food, beverages, toiletries, and paper products. These items are often purchased frequently and are essential for daily living. Unlike durable goods, which last longer and require significant investment, nondurable goods are usually less expensive and need to be replaced regularly. Their short lifespan makes them a key part of consumer spending and economic activity, influencing markets and production strategies for companies that produce these items.