Durable goods are an example of a cyclical industry.

Name: Durable goods are an example of a cyclical industry.
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Durable goods are considered a cyclical industry because their demand often rises and falls with the overall economic cycle. When the economy is doing well, consumers are more likely to spend money on durable goods like cars and appliances, but during economic downturns, spending on these items tends to decrease.

Durable Goods Are an Example of a Cyclical Industry