GENERAL KNOWLEDGE

Detailed explanation-1: -market demand is set by the consumers, and everyone is a consumer. All must have the necessaries of life; some of us are purchasers of machinery and the other tools of production; and everyone is in the market for the “little bit extra” which we believe will make us happy.

Detailed explanation-2: -Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale.

Detailed explanation-3: -As man feed on other sources and do not produce their own food, hence they are consumers. Man are omnivores as they feed on both plant and animal sources for food. On the other hand, plants are the producers of an ecosystem.