Final Consumers
Final consumers are individuals or households that purchase goods and services for personal use. They are the last link in the supply chain, meaning they buy products after they have been manufactured and distributed. Final consumers do not resell these products; instead, they use them to satisfy their own needs and wants.
Examples of final consumers include anyone who buys groceries, clothing, or electronics for their own use. They play a crucial role in the economy, as their purchasing decisions drive demand for products and influence market trends. Understanding final consumers helps businesses tailor their offerings to meet consumer preferences.