Individuals who purchase the final goods and services of an economy are called

Name: Individuals who purchase the final goods and services of an economy are called
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Question

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Consumers are the individuals who purchase the final goods and services of an economy. Firms and businesses refer to entities that produce or sell goods and services, while markets are the mechanisms through which buyers and sellers interact. Entrepreneurs are individuals who start and operate businesses.

Individuals Who Purchase the Final Goods and Services of an Economy