Who is considered a consumer in economic terms?

In economic terms, a consumer is primarily defined as a person who uses goods and services. This includes individuals who engage in consumption, which is the end use of goods and services to satisfy their needs or wants. The focus here is on the actual use of the product or service rather than just the act of purchasing or renting it.

The distinction is important because it encompasses a broader definition than simply the buyers in a transaction. While someone who buys or rents goods also plays a role in this economic framework, not all buyers necessarily engage with the products in a way that constitutes consumption. For example, a purchasing committee might buy goods for an organization, but the committee members may not personally use those goods.

Thus, the correct answer reflects the fact that the term "consumer" revolves around usage rather than the transactions involved in acquiring goods and services. This understanding is crucial for recognizing the role of consumers within economic systems and markets.