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Consumer

person or group of people that are the final users of products and or services; one who pays something to consume goods and services produced
Consumers buying fruit in Nanjing, China

In economics, a consumer is a person or organization that uses services, goods, or commodities.[1]

Economics and marketingEdit

A consumer is a person that buys a good for consumption. They don't buy goods to sell them again. The consumer is a person who pays money needed to buy goods and services produced. Consumers are important in the economic system of a country. Without consumer demand, producers don't have a reason to produce. A producer's main reason to produce is to sell things to consumers. The consumer is also part of the chain of distribution.

ReferencesEdit

  1. "Consumer - Define Consumer at Dictionary.com". Dictionary.com.