Saturday, December 11, 2010

Who is a Consumer?

A ”consumer” is a person who buys any goods or hires any service for valuable consideration (including deferred payment). The term does not include a person who obtains  goods  or  services  for  resale  or  for  any commercial  purpose.   However, persons   who avail goods or services exclusively for the purpose of earning their   livelihood  by  means  of  self  mployment  are considered as ‘consumers’.

No comments:

Post a Comment