Meaning & Definition of word "Consumer"
Consumer
/kənˈsjuːmər/
noun:
- 1. A person or entity that purchases goods and services for personal use.
- Example: The consumer plays a crucial role in the economy.
- 2. A person who uses resources or services rather than producing them.
- Example: As a consumer, he is always looking for the best deals.
- 3. Someone who engages in the buying of products or utilizes services to satisfy their needs and wants.
- Example: Consumer awareness is important for making informed purchasing decisions.
Etymology
●From Latin 'consumere', meaning 'to take in, use up'.
Common Phrases and Expressions
consumer protection:
Laws and regulations that protect the rights of consumers.
consumer behavior:
The study of how individuals decide to spend their available resources.
consumer goods:
Products that are bought for personal use.
Related Words
supply:
The amount of a product or service that is available for consumers to purchase.
market:
A place or system where consumers and sellers meet to exchange goods and services.
Slang Meanings of consumer
Meaning: Shopper
● Example Sentence: He's a regular shopper, always trying the latest brands.
Meaning: Buyer
● Example Sentence: That buyer is always looking for the best deals.