ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumers
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producers
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goods
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services
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Detailed explanation-1: -A consumer is someone who can make the decision whether or not to purchase an item at the store, and someone who can be influenced by marketing and advertisements. Anytime someone goes to a store and purchases a toy, shirt, beverage, or anything else, they are making that decision as a consumer.
Detailed explanation-2: -The correct option is A consumer. A person who buy products from a salesperson is known as a consumer. Consumer is usually considered as the “King” in the market.
Detailed explanation-3: -Any person, other than the buyer who buys the product or services, consumes the product by taking his/her permission is categorized as a consumer. In simple word, the end-user of the goods or services is termed as a consumer. All individuals who engage themselves in the economy is a consumer of the product.
Detailed explanation-4: -A consumer is a person who purchases/buys any goods or services for his personal use that is not for further selling them or manufacturing. The consumer pays price for the product or service he purchases.