Consumer

A consumer is a person or organization that uses economic services or commodities.

In economic systems consumers are utilities expressed in the decision to trade or not.

Economics and marketing

The consumer is the one who pays to consume goods and services produced. As such, consumers play a vital role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers. The consumer also forms part of the chain of distribution.

Recently in marketing instead of marketers generating broad demographic profiles and Fisio-graphic profiles of market segments, marketers have started to engage in personalized marketing, permission marketing, and mass customization.

Law and politics

The law primarily uses the notion of the consumer in relation to consumer protection laws, and the definition of consumer is often restricted to living persons (i.e. not corporations or businesses) and excludes commercial users. A typical legal rationale for protecting the consumer is based on the notion of policing market failures and inefficiencies, such as inequalities of bargaining power between a consumer and a business. As of all potential voters are also consumers, consumer protection takes on a clear political significance.

Latest News for: Expert consumers

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5 things to know for May 2: Campus protests, Abortion, Bird flu, Interest rates, Electric vehicles

CNN 02 May 2024
Still, experts say the EV market is not collapsing, but rather entering a new phase in which consumers are demanding more affordable models ... Scientists reveal the face of a Neanderthal who lived 75,000 years agoA Neanderthal was buried 75,000 years ago, and experts painstakingly pieced together what she looked like....
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Muggers stole £3,900 and used my Revolut account to buy crypto: CRANE ON THE CASE

The Daily Mail 02 May 2024
In December, I was mugged and had my phone stolen while on a night out ... Bad night out ... Our weekly column sees This is Money consumer expert Helen Crane tackle reader problems and shine the light on companies doing both good and bad ... Given the rise in phone theft scams I decided to speak to scam expert, Jake Moore, global cybersecurity advisor at ESET....
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Mounting evidence is pointing to a nightmare scenario for the US economy

Sott 01 May 2024
economy is showing signs of stagflation as growth slumps down and prices continue to surge for average Americans, experts told the Daily Caller News Foundation ... consumers throughout the 1970's, according to experts who spoke to the DCNF ... .......
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2024’s safest sunscreens for summer and year-round

CNN 01 May 2024
... chemicals that can all be absorbed into the skin and may be disruptive to the body’s endocrine (hormonal) system.” Despite these concerns, the use of sunscreen is critical to skin health, experts say, and consumers should continue to use sunscreen every day, even on cloudy days....
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Unlock Substantial Savings on Broadband Costs with Free Price Compare: Up to 45% Reduction Against ...

GetNews 01 May 2024
In addition to aiding users in navigating the myriad of available options, Free Price Compare also proffers comprehensive guides and expert counsel to assist consumers in selecting the ideal broadband service that aligns with their individual or family needs....
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UAE Insurance companies Raise Premiums Up to 30% Post Heavy Rains

Al Wast 01 May 2024
To address the heightened risk perception among consumers, insurance companies have responded by hiking premiums for comprehensive insurance by as much as 30% ... Industry experts note a significant shift in consumer behavior, with a surge in demand for comprehensive insurance across both motor and property segments....
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USDA to test ground beef for bird flu. Is it safe to eat?

app 01 May 2024
What to know about H5N1 ... The U.S ... Last week, it was announced the U.S. Food and Drug Administration found non-infectious remnants of the bird flu virus in pasteurized milk, though it was determined the traces would not pose a threat to those who consume the milk ... Experts believe there's no danger in consuming food if it's fully cooked or pasteurized....
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US Fed decision today: 5 key factors that will shape Fed's policy decision

Live Mint 01 May 2024
Experts are divided in their projection about rate cuts; some still expect two rate cuts this year while some say there may be no rate cut in the calendar year 2024.Also Read ... What to expect amid sticky inflation? Top experts share their views3 ... We advise investors to check with certified experts before making any investment decisions....
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US inflation holds on as Federal Reserve decides to keep rates at current levels

WPTV 01 May 2024
The U.S ... U.S ... Parents say it changed their lives ... The White House saysa primary driver of economic growth is consumer spending, and experts say it could be older Americans who have benefited from outsize gains in the housing and stock market who are causing some of the slowdown in a lowering of rates by the Fed, The Associated Press reported ... ....
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Yes, your beer tastes better ice cold — and scientists now know why

New York Post 01 May 2024
3 ... Unfortunately for those who want to take a shot and then chug a beer, the order of how different alcohols are consumed does not hold off a hangover — in fact, most so-called remedies don’t ... In general, inebriation experts agree that hangover intensity is determined more by the volume of sauce one drinks and the speed at which it’s consumed....
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Take-Two Reportedly Shutting Down Seattle Office, Lay Off 70 Employees

Cryptopolitan 01 May 2024
Take-Two, the popular publisher of high-end games like the Grand Theft Auto series will shut down its Seattle office, which suggests a significant change in the structure of the company ... The publishing company is dealing with factors such as high development costs, a volatile market, and dynamic consumer taste, as discussed by industry experts ... .......
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Is electric vehicle coverage fair? It's complicated

North Shore News 01 May 2024
Similarly, much of the media coverage of a Consumer Reports reliability ... Based on the company’s data, the reliability gap is temporary and likely to close as EV technology matures, an expert from Consumer Reports told me, citing trends from the raw data from previous surveys....
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Martin Freeman reveals he has given up vegetarianism after 38 years over concerns that...

The Daily Mail 01 May 2024
People who ate fake sausages, burgers and mince also seemingly had worse blood pressure than their meat-consuming counterparts. Experts labelled the 'health halo' surrounding plant-based meats unjustifiable and urged the food industry to 're-evaluate the development of the next generation of meat alternatives'....
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