Question

Why consumer is important in economy?; How is the economy affected by wise consumers?; How does consumer demand affect a company's ability to make profit?; What is the consumer demand?

Answer 1

Consumers play a key role in raising demand for goods and services that have adopted circular economy principles. Moreover, The increase in consumer spending in turn helps the economy sustain its expansion. A undersupply and high demand will cause the company to be constantly running out of items and displeasing customers. Overall, a consumers demand is an economic measure of a group's desire for a product or service based on availability.