1. Consumer goods, like capital goods, can be categorized as nondurable or soft goods, expected to last less than three years (food, clothing, tobacco, gasoline), and durable goods, expected to last longer than three years (books, automobiles, appliances, furniture). Some authorities also use a third category, semidurable goods, which last from six months to three years (clothing, shoes, etc.).
2. Under an operational lease, the lessee acquires the right to use a durable good for a certain period of time, which may be long or short and not necessarily settled in advance.
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