Who is considered a consumer?

The correct answer identifies a consumer as an individual who purchases goods or services for personal use. This definition is fundamental in economics and marketing, as consumers are the end users of products offered by businesses. They play a critical role in driving demand within the market; their purchasing decisions directly influence what products are available and how businesses operate.

In contrast, a business that sells goods and services focuses on providing products to others and does not fit the consumer profile, as it is primarily an entity that produces or distributes rather than consumes for individual use. Government agencies that regulate markets are involved in oversight and policy-making, not in the consumption of goods or services for personal needs. Non-profit organizations may provide services or assistance to the public but typically do so in pursuit of a mission rather than as individual consumers making purchases. Understanding the role of a consumer is essential for grasping broader economic concepts and market dynamics.