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Question
What is the term used for the person who buys and uses goods or services from the market after making a payment?
What is the term used for the person who buys and uses goods or services from the market after making a payment?
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Solution
The correct option is C Consumer
Consumers participate in the market by purchasing goods and services that they need. For example, Mr. Ritvik buys a toothpaste from the supermarket to use it at home. Here, Mr. Ritvik is a consumer.
Consumers participate in the market by purchasing goods and services that they need. For example, Mr. Ritvik buys a toothpaste from the supermarket to use it at home. Here, Mr. Ritvik is a consumer.
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