ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The correct option is C consumer. A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them.

Detailed explanation-2: -A consumer is a person who consumes a product or service. The word consumer is often used interchangeably with the word customer. This is not entirely accurate. A customer is a person or organisation that purchases goods or services. They may or may not consume them.

Detailed explanation-3: -A person who avails any goods or services free of cost is considered to be a consumer of that product.

Detailed explanation-4: -primary consumers, secondary consumers, tertiary consumers or apex consumers are the different types of consumers.

Detailed explanation-5: -A consumer good is any good purchased for consumption and not used later to produce another consumer good. Consumer goods are sometimes called final goods because they end up in the hands of the consumer or the end-user. Examples of consumer goods include food, clothing, vehicles, electronics, and appliances.