MCQ (Multiple Choice Questions) for Practice with Solutions of Chapter "Consumer Rights" of Economics (Understanding Economic Development) of Class 10 SST (Social Science Studies)Q. A consumer :a)Sells goods and servicesb)Buy goods and servicesc)Produces goods and servicesd)Delivers goods and servicesCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

The consumer is the one who pays something to consume goods and services produced. As such, consumers play a vital role in theeconomic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers. The consumer also forms part of the chain of distribution.

Answer

The consumer plays a vital role in the economic sector if the consumer buys it it is useful only so ,consumer buys the goods and services

Answer

Explanation:
Consumer rights are the rights given to a consumer to protect them from being exploited by producers or sellers in the market. Let's discuss the given multiple-choice question in detail:

Definition of a Consumer:
A consumer is an individual or group of individuals who purchase goods or services for personal use or consumption. In simple terms, a consumer is someone who buys goods or services from the market.

Explanation of Options:
a) Sells goods and services: This option is incorrect because a consumer does not sell goods or services; instead, they buy goods or services for their personal use.
b) Buy goods and services: This option is correct as consumers are individuals who purchase goods or services to satisfy their needs or wants.
c) Produces goods and services: This option is incorrect because consumers are not involved in the production of goods or services; they are the end-users of these products.
d) Delivers goods and services: This option is incorrect as consumers do not deliver goods or services; they receive and use them.

Conclusion:
In conclusion, a consumer is someone who buys goods or services from the market for personal consumption. They play a crucial role in the economy by driving demand for products and services. It is essential for consumers to be aware of their rights and responsibilities to ensure fair and ethical practices in the market.

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