Consumer

Definition

Consumer is a noun that refers to a person or entity that purchases goods and services for personal use. In economics, a consumer is an end-user who ultimately uses or consumes the product rather than reselling it or using it in production.

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /kənˈsuːmər/
• Respelling: kuhn-SOO-muhr

British English

• IPA Pronunciation: /kənˈsjuːmə/
• Respelling: kuhn-SYOO-muh

Etymology

The word "consumer" originates from the Latin "consumere," meaning "to use up" or "destroy." It entered English in the 15th century, where it initially referred to someone who uses resources. Over time, it evolved to represent individuals or entities who buy goods and services.

Derivatives

• Consumption (noun)
• Consumable (adjective)
• Consumerism (noun)
• Consume (verb)
• Consumptive (adjective)

Synonyms

• Buyer
• Customer
• Purchaser

Antonyms

• Producer
• Supplier
• Manufacturer

Usage

The noun "consumer" is commonly used to describe an individual or group that purchases goods or services for personal use, such as "Consumers have the right to fair pricing." It is often applied in economics, marketing, and business to focus on those who drive demand in the market.

Related Terms

• Market: A place or system where goods and services are exchanged.
• Demand: The desire or need of consumers for products or services.
• Client: An individual who receives professional services.

Detailed Definitions

Noun

• A person who purchases goods and services for personal use: Refers to an individual who buys products to use rather than sell.
  • Example: "The consumer purchased a new smartphone for personal use."
• An end-user of a product: Describes the ultimate user of a product, especially in contrast to producers or intermediaries.
  • Example: "Producers create products to meet the needs of the consumer."
• A person who drives market demand: Indicates the role of consumers in determining what goods or services are in demand within an economy.
  • Example: "The consumer influences market trends through purchasing choices."