Share This Article:

Economic Definition of consumer. Defined.

Offline Version: PDF

Term consumer Definition: A broad term for people when they are engaged in the use of goods and services to satisfy wants and needs. Consumers are part of the household sector.

 

« constrained utility maximization | Consumer Advisory Council »

Permalink: http://glossary.econguru.com/economic-term/consumer

Alphabetical Reference to Over 2,000 Economic Terms