Definition of Seller
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Question (English)
A person who sells goods to make a profit is called a:
- Consumer
- Producer
- Seller ✓ Correct
- Employee
Explanation:
Correct Answer Explanation
When you sell goods to make a profit for yourself (like a shopkeeper), you are called a seller.
Key Points:
- A seller's primary motive is earning profit.
- Example: a shopkeeper selling goods.
- Selling is an economic activity undertaken for monetary gain.
Why Other Options Are Wrong
- A (Consumer): One who buys goods.
- B (Producer): One who manufactures goods or provides services.
- D (Employee): One who works for wages/salary.
📚 About this Topic — CH-1: Introduction
This multiple choice question is from CH-1: Introduction, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: Introduction to strengthen your preparation.
