Who is considered a consumer in economic terms?

In economic terms, a consumer is defined as a member of society who purchases goods and services for personal use. This definition highlights the role of individuals and households in the economy, focusing on their behavior as purchasers of products to satisfy their needs and wants. Consumers typically engage in the marketplace to acquire various goods and services, which can range from everyday necessities to luxury items.

The other options do not align with the definition of a consumer. Individuals or groups who produce goods and services, for example, are classified as producers rather than consumers, as their role revolves around creating products for the market. Similarly, a group that supplies raw materials would be categorized as suppliers or producers in the value chain of production. Lastly, an entity that invests in capital refers to businesses or investors, who focus on financial growth rather than engaging in the consumer role of purchasing for personal consumption. Thus, the clear distinction that a consumer is primarily involved in buying for personal use makes this option the correct choice in understanding economic terminology.