Description: #2 A Level Economics - The allocation of resources 💰, Cartel conduct – market allocation, Oaktree's Marks on Investment Outlook, Asset Allocation Strategy, Markets and Allocation of Resources for Kids - GCSE Economics Topic 1.2.1
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Market may refer to:
A customer (sometimes known as a client , buyer , or purchaser ) is the recipient of a Good or a service , or a product , or an idea , obtained from a seller , vendor , or supplier via a financial transaction or exchange for money or some other valuable consideration . Etymologically, a client is someone merely inclined to do business, whereas a purchaser procures goods or services on occasion but a customer customarily or habitually engages in transactions. This distinction is merely historic. Today custom
A customer may or may not also be a consumer , but the two notions are distinct, even though the terms are commonly confused. A customer purchases goods; a consumer uses them. An ultimate customer may be a consumer as well, but just as equally may have purchased items for someone else to consume. An intermediate customer is not a consumer at all. The situation is somewhat complicated in that ultimate customers of so-called industrial goods and services (who are entities such as government bodies, manufactur