Consumers Flashcards
0
Q
What do consumers buy?
A
Everyday goods
1
Q
What is a consumer?
A
A consumer is anyone who buys goods or uses services.
2
Q
Name 2 state services paid for by taxation?
A
Education and roads.
3
Q
What are needs?
A
Needs are something we need to survive.
4
Q
What are wants?
A
Something that we don’t need but they make life more pleasurable.
5
Q
Needs and wants May depend on various circumstances like what?
A
Age and value.
