What type of goods last for a short period of time, such as food and light bulbs?

Non-durable goods are items that are consumed or used up quickly and typically have a short lifespan. Examples include food products, toiletries, and light bulbs, all of which are intended for single use or have a limited period of usability before they are exhausted or no longer functional.

These goods contrast with durable goods, which are designed to last a longer time and provide repeated use, such as furniture and appliances. Capital goods are items used in the production of other goods, contributing to businesses rather than being sold directly to consumers. Luxury goods, while they may be non-durable, are defined by their high quality and premium pricing rather than their longevity or consumption rate.

Thus, non-durable goods fit the definition perfectly, as they are consumed quickly and require frequent repurchase.