ECONOMICS (CBSE/UGC NET)

ECONOMICS

SCARCITY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who purchases a good or service
A
consumer
B
taxes
C
supply
D
good
Explanation: 

Detailed explanation-1: -A consumer is a person who purchases and uses goods and services by paying or agreeing to pay a price for them. A consumer is one who is the decision maker whether or not to buy an item at the store, or someone who is influenced by advertisement and marketing.

Detailed explanation-2: -A customer is an individual or business that purchases another company’s goods or services.

Detailed explanation-3: -A consumer is someone who purchases goods or services.

Detailed explanation-4: -The person who purchase the goods are called purchasers or consumers.

There is 1 question to complete.