Chapter 12 - Consumers Flashcards by Rose Wafer | Brainscape

Q

What is a consumer?

A

A consumer is someone who buys goods and serves for their own use

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What are needs?

A

Needs are essential goods and services e.g. Food and Clothes

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What are wants?

A

Wants are non-essential goods and services e.g. CDs and Phones

How well did you know this?

1

Not at all

2

3

4

5

Perfectly