Question

What is consumer? Meaning and definition?

Answer 1

Answer:

Definition :

A person who purchases goods and services for personal use.

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Answer 2

A consumer is one that buys good for consumption and not for the re-sale or commercial purpose or a consumer is an individual who pays some amount of money or the thing required to consume goods and services produced. As such,consumers play a vital role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce to sell to consumers.The consumers also forms part of the chain distribution.

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