Consumer

/kənˈsjuːmər/

Meaning & Definition

noun

A person or entity that purchases goods and services for personal use.

The consumer plays a crucial role in the economy.

A person who uses resources or services rather than producing them.

As a consumer, he is always looking for the best deals.

Someone who engages in the buying of products or utilizes services to satisfy their needs and wants.

Consumer awareness is important for making informed purchasing decisions.

From Latin 'consumere', meaning 'to take in, use up'.

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.

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.

Shopper

He's a regular shopper, always trying the latest brands.

Buyer

That buyer is always looking for the best deals.