When a consumer wants to compare the price of one product with another, money is primarily functioning as a "unit of account".
<h3>Who is Consumer?</h3>
The consumer is defined as a person who consumes something. At this time a person pays the price in order to get a product or service to be used or consumed by himself, he is called as a consumer.
Like for example, when a person is buying a phone from the market from his/her personal use then he is basically buying a product to be consumed by himself by paying for it. So he is acting as a consumer in this example.
Likewise, when the consumer buy a vegetables, groceries any food item from the market for his/her personal matter then he is known as consumer.
Money is defined as the example of unit of account. This is generally used as a mode of payment ot to pay the price of particular goods and services.
Adding to it, the unit of account is generally used as a monetary measurement tool in orde to compare the price of goods, services and other transactions that are related to money in the market.
This unit of account not only used by the buyer like who buy groceries and electronic items but it is also helpful for the shareholder who make their decisions depending upon the this term. They also used production possibility chart will create a future projection on a different variety of goods.
Learn more about Consumer, refer to the link:
brainly.com/question/24125685
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