Consumer Credit
Refers to a
loan, which is given to the consumer for a short period of time, for the
purchase of a specific commodity. This can take the form of hire purchase or be
in the form of a personal loan from a bank.
Consumer Durable
A commodity
of relatively long life, like a refrigerator or a washing machine, as distinct
from, say foodstuffs.
Consumer Goods
Products in
the actual form in which they reach domestic consumers.
Consumer's Surplus
Means the excess of the price which a person would
be willing to pay rather than go without an article over that which he/one
actually pays; it may be termed as consumer's
rent.
No comments:
Post a Comment