Consumer
Consumer
Consumer (/kənˈsjuːmər/; from Latin consumere, meaning 'to take up, eat, waste') is a term used in various fields, including economics, marketing, and healthcare. It generally refers to an individual or entity that uses, or consumes, goods or services.
Definition
In the broadest sense, a consumer is an individual who purchases goods and services for personal use. However, the term can also refer to organisms that consume other organisms in a biological food chain, or to individuals or organizations that consume resources, such as energy or raw materials.
In Economics
In Economics, a consumer is defined as an individual or household that uses goods and services generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.
In Marketing
In Marketing, a consumer is an individual who purchases products or services for personal use and not for manufacture or resale. They are the end-users in the distribution chain of goods.
In Healthcare
In Healthcare, a consumer is an individual who uses, or has the potential to use, health services, including promotion, prevention, treatment, and rehabilitation services.
Related Terms
- Consumer Behavior: The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts that these processes have on the consumer and society.
- Consumer Rights: The rights of consumers to have safety, to be informed, to choose, and to be heard.
- Consumer Protection: Laws designed to protect consumers against unfair trade and credit practices involving faulty goods or services.
External links
- Medical encyclopedia article on Consumer
- Wikipedia's article - Consumer
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