Who is defined as someone who uses goods and services?

The definition of a consumer is someone who utilizes goods and services. This role is essential in the economy as consumers drive demand; their purchasing decisions influence what products are manufactured and supplied in the market. Consumers seek to satisfy their needs and wants through the consumption of various goods—anything from food to electronics to services like haircuts or education.

This interaction serves as a fundamental component in the economic model, where the choices and preferences of consumers play a significant role in shaping market trends and production strategies. By understanding the behaviors and desires of consumers, businesses can tailor their offerings accordingly to ensure they meet the needs of their target audience effectively.

In contrast, producers, manufacturers, and suppliers have different roles that focus more on the creation, provision, and distribution of goods and services rather than on their consumption. Thus, the consumer stands out as the entity that completes the cycle of production and consumption within the economy.