Have you ever purchased a carton of milk at a local grocery store? How about buying a pair of tickets for you and your date to see the latest and greatest movie? Have you purchased a birthday present for a loved one? Let’s get more general. Have you ever purchased a product of any type, doesn’t matter what it is or its cost?
Have you ever paid money to get a massage, get your car washed or attend a concert? If you’ve done any of the activities I’ve listed, then you my friend are a consumer. That’s right, I said it. A consumer! But don’t worry, you’re not the only one. Believe me when I say that I am also a consumer. If you are saying to yourself, “What the heck is a consumer?”, then have no fear for I am going to explain exactly what a consumer is on this page.
What is a Consumer
A consumer is an individual that uses up goods and services offered in an economy in an effort to fulfill one’s needs and wants. A consumer can be a person or a business for both can and do use up goods and services. In fact everyone, everywhere is a consumer to some degree because everyone everywhere uses goods and services offered in an economy. Ok, Ok, I can’t say 100% of people use goods and services offered in an economy since I don’t know that for certain. I feel more comfortable saying that 99.99 and a half percent of people who live in an economy are consumers to some degree.
When the term consumer is used, it is often used to refer to buyers (those who purchase goods and services). The word consumer comes from the word consume, which means to squander or use up. A consumer is the exact opposite of a producer.
That’s all a consumer is. I hope that helps.