ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Producer
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Consumer
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Spender
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Borrower
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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: -Consumers are defined as individuals or businesses that consume or use goods and services. Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers.
Detailed explanation-3: -Consumers are people who buy goods and services.
Detailed explanation-4: -A customer is a person who buys either a good or a service. Customer is more common than shopper, and it is used more in business contexts than shopper is.
Detailed explanation-5: -The person who pays and purchases a product is called a consumer.