Question

Define a consumer.

Answer 1

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. Any single or group of people, other than the buyer who buys the product or services, consumes the product by seeking his/her permission falls under the category of a consumer. In simpler words, the consumer can be termed the end-user of the goods or services.