An individual who buys goods for personal use and not for resale is called as

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Producer

Consumer

Wages

None of the above

answer is B.

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Detailed Solution

An individual who buys goods for personal use and not for resale is called as consumer.
A consumer is a person who buys services or products for personal use and not for resale. It is up to the consumer to decide whether he/she wants to buy products or not. I go to a shop to buy something, whether it be clothes, eating products, or daily household products. We are the consumers here because for daily requirements and necessities we are purchasing something. The Indian government has enacted numerous laws to safeguard consumers' interests. The Consumer Protection Act is one such example of a law passed by the government.

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