History, asked by ABHISHEKshing8777, 1 year ago

Who is a consumer ? explain it from business and legal perspective

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Answered by rubansebastian3
2

Answer:

A consumer is one that buys goods or services for consumption and not for resale or commercial purpose. The consumer is an individual who pays some amount of money for the thing required to consume goods and services. As such, consumers play a vital role in the economic system of a capitalist economy.

Explanation:

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