Types of Consumers in Economics. Discretionary Spending Consumers. Groups with high amounts of discretionary spending have distinct purchasing habits. Luxury Goods Consumer. Luxury goods are items consumers purchase when base needs, like food and shelter, are met. Inferior Goods Consumer. Businesses and Corporations..
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Price discrimination is of many types Firstly, it may be personal based on the income of the customer. For example, doctors and law yers charge different fees from different customers on the basis of their incomes..
Economics and marketing. The consumer is the one who pays something to consume goods and services produced. As such, consumers play a vital role in the economic 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 .
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Economics k n m k s, i k is the social science that stu.s the production, distribution, and consumption of goods and services Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomicsyzes basic elements in the economy, including individual agents .