Both buys goods for consumption and uses goods and services.
the consumer of economic system
consumer
The Price of a good or service is detrimend by consumer demand
Command. The government tells you what to do and you have to follow.
how economic variables influences on consumer behavior
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
consumer
consumer sovereignty
consumer sovereignty is this the real answer
C. They make the economic decisions
The Price of a good or service is detrimend by consumer demand
Command. The government tells you what to do and you have to follow.
how economic variables influences on consumer behavior
Because the consumer is the one who is going to buy those products or use the services, that brings net outcome to the firm. Therefore the consumer plays a very important role in the economic system. The consumer is the one with the demand
Free Enterprise. Companies fight over customers and build a variety of products in order to capture a consumer-base for their products.
The producer produces (makes) the product, and sells it to the retailer (the store). The consumer (you and me) goes to the retailer and buys the product.
CPI (Consumer price index)
The economic consumer is everyone because everyone consumes. If you drive a car you buy gasoline. If you eat you have to buy food. The list goes on. So everyone is a consumer.