Which category includes goods that are consumed in one use and have a short lifespan?

The category that includes goods consumed in one use and characterized by a short lifespan is nondurable goods. These are items that are typically used up quickly and do not last long, meaning they are intended for immediate consumption. Common examples include food, beverages, toiletries, and paper products.

Nondurable goods stand in contrast to durable goods, which are items that provide utility over time and are not consumed quickly, such as appliances or vehicles. Financial transactions and household production refer to different concepts; financial transactions deal with the exchange of money for goods or services, while household production involves goods and services produced within the home for personal use. Thus, nondurable goods are specifically recognized for their short lifecycle and single-use characteristic.