Family Economics and Consumer Education

Family Economics And Consumer Education 3 (2+1)

Lesson 15 : Consumer

The definitions for the purpose of ‘goods’ are as follows

Definition: “The consumer is one who buys any goods for consumption which has been paid or promised, partially paid or partially promised or under any system of differed payment.”
For the purpose of services:
Definition: The consumer means a person belonging to the following category.
“One who hires any services or services for consideration, which has been paid or promised or partly paid or partly promised or under any system of deferred payment.