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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NPA devises ways to stabilise price of gas

B & FT Online 16 May 2024
Mr Appiah said the NPA had had several engagements with service providers, industry experts and external stakeholders to ensure successful implementation. He said they had also conducted several consumer sensitisation campaigns and programmes to educate the public on CRM and the safe use of LPG in general....
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The Credit Card Competition Act: A Threat to Community Banks

Flathead Beacon 16 May 2024
We’ve seen similar policies result in unintended consequences for consumers and community banks ... Instead of recycling failed regulations from the past, policymakers should engage in open dialogue with community bankers, industry experts, and consumer advocates to craft policies that protect the essential functions of community banks....
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The consumer slowdown is here and its flashing a recession warning for the economy

Business Insider 16 May 2024
REUTERS/Mark Blinch Consumers are finally slowing their spending and experts say that's a warning sign of the economy ... But consumer confidence is starting to wane amid elevated inflation and a weakening job market. Consumer spending is slowing, and it's a warning shot for the US economy as it navigates the approach to a soft or a hard landing....
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Sensex rises 155 points after positive global cues

Suryaa 16 May 2024
According to the experts, "The rally on Wall Street came following the release of a Labour Department report showing consumer prices in the US rose by slightly less than expected in April.". "The US consumer prices increased less than expected in April, suggesting that inflation ......
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People are extending their vacations, and eco-travel experts say it could be more sustainable

Business Insider 16 May 2024
Daniela Schwebke/Oneworld Picture/Universal Images Group via Getty ImagesTourists globally are spending an average of one more day at destinations compared to 2019.Longer vacations are more sustainable, reducing carbon emissions from fewer flights.Sustainability experts recommend fewer, longer trips to minimize environmental impact....
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Fragrance Market to Hit USD 49.43 Bn at a Growth Rate of 9.17 percent- Says ...

GetNews 16 May 2024
Primary research methods like surveys and interviews may also be employed to gather insights from industry experts, manufacturers, retailers, and consumers ... The fragrance market is a dynamic sector driven by consumer preferences, trends, and innovation ... evolving consumer values....
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UScellular names McCarter Assistant Manager for Sevierville location

Knoxville Daily Sun 16 May 2024
In this role, McCarter is responsible for leading his team of wireless technology experts to help customers select the devices, plans and consumer electronics to best meet their needs....
photo: AP / Mark Schiefelbein, File
China semiconductor industry
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Who benefits from US tariffs on Chinese imports? Experts weigh in

Al Jazeera 16 May 2024
Experts say tariffs on these products will likely have limited effects on consumer goods prices and economic growth ... However, the experts who spoke to Al Jazeera questioned whether Biden’s newly announced tariffs would move the needle at election time....
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Seasoning and Spices Market to Hit USD 26.70 Bn at a Growth Rate of 4.55 ...

GetNews 16 May 2024
Primary research methods like surveys and interviews may also be employed to gather insights from industry experts, manufacturers, retailers, and consumers ... The seasoning and spices market dynamics are shaped by rising consumer demand for natural and organic products, the popularity of global cuisines, and health-conscious choices....
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Has Anyone Verified the Ingredients of RENEW Supplement?

Belleview Reporter 16 May 2024
However, is boosting metabolism at a surface level enough to promote effective fat loss? Experts usually recommend consuming supplements that can target your specific concerns to help you lose weight faster ... How To Consume Renew? ... As we consumed the Renew supplement, we noticed that the first effect it had was on our sleeping patterns....
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Foundry Chemicals Market size to hit USD 2247.29 Mn.by 2030 at a significant CAGR of ...

GetNews 16 May 2024
Primary methods include reviews, interviews, and annotations to gather firsthand understandings from consumers and industry experts. Utilizing statistical tools and trend analysis aids in market trends and assessing consumer preferences which, facilitating strategic planning and sustainable growth in the Foundry Chemicals industry....
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Electronics Manufacturing Services Market to Hit USD 839.02 Bn at a Growth Rate of 4.8 ...

GetNews 16 May 2024
Primary research methods like surveys and interviews may also be employed to gather insights from industry experts, manufacturers, retailers, and consumers ... It's driven by increasing demand for electronics across industries like consumer electronics, automotive, and healthcare....
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Revealed: How British families are forking out up to £1,499 for a four night stay ...

The Daily Mail 16 May 2024
The costs of four-night stays for a family of four during five separate weeks in May, July, August and October were compared by experts at consumer champion Which? ... Whinfell Forest in Cumbria was the cheapest UK Center Parcs on average across the five weeks examined by experts at Which? at £1,299 for four nights for a family of four....
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