Consumers
kənˈsuːmərz
Definitions
Individuals or entities that acquire goods or services for their own use.
kənˈsuːmərz
People who buy goods or services
The company is trying to attract more consumers to its products.
💡 Simply: Consumers are like you and me! They're people who buy things. When you get a toy or an ice cream, you're a consumer. Companies want to know what consumers like so they can sell them cool stuff.
👶 For kids: Consumers are people who buy things like toys and snacks!
More Examples
Consumer behavior is often influenced by advertising.
The survey collected data on consumer spending habits.
How It's Used
"Businesses conduct market research to understand consumer preferences."
"Consumer spending is a key indicator of economic health."
"Advertisers target different consumer segments with tailored campaigns."
Synonyms & Antonyms
Synonyms
From the Latin word 'consumere,' meaning 'to consume,' which in turn is derived from 'sumere' meaning 'to take' or 'to use up.' The modern meaning evolved with the development of market economies and mass production in the 18th and 19th centuries.
The term's usage grew dramatically with the Industrial Revolution and the rise of mass-produced goods and widespread marketing. Early uses focused on the role of individuals in purchasing products.
Memory tip
Think of the 'consume' part. Consumers *use* (consume) products and services.
Word Origin
"to use up, to spend"