Definition of Consumer

A person who buys goods to satisfy personal needs or those of the family is called a:

Correct Answer Explanation

When you buy goods to satisfy your own personal needs, your family's needs, or to make a gift, you are called a consumer.

Key Points:

• A consumer purchases goods for satisfaction of wants.
• Buying can be for personal use, family use, or gifting.
• Consumption is one of the three main divisions of economics.

Why Other Options Are Wrong

• A (Producer): One who produces goods or provides services.
• B (Seller): One who sells goods for profit.
• D (Employer): One who employs others and pays wages.