CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Write a word or phrase or a term which can substitute each one of the following statements.

The ultimate person in need of goods.

Open in App
Solution

The ultimate person in need of goods- Consumer

Explanation:
A consumer demands goods for the satisfaction of his/her wants. Manufacturers produce goods keeping in mind the tastes and preferences of these consumers. These goods are then served to consumers with the help of wholesalers and retailers.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Other Markets
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon