ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Consumers are people who buy or use goods and services to satisfy their wants. When you eat your dinner, you will be a consumer.

Detailed explanation-2: -A consumer is the one who purchases the product for his/her own need and uses or consumes it. A consumer cannot resell the good, product or service but can consume it to earn his/her livelihood and self-employment. Definition of consumer. The consumer is the one who is the end-user of any goods or services.

Detailed explanation-3: -Explain to students that people who want particular goods and services and are willing to exchange money with the people producing the good or service are called consumers.

Detailed explanation-4: -A consumer is a person who purchases goods or services for personal use and gains. Consumer goods refer to any tangible commodity produced to satisfy consumer needs and desires. Consumer goods usually refer to any item found on supermarket shelves.