A consumer is a person who buys goods and services for their own use e.g. me when I buy new clothes to wear them.

A consumer need is anything that I cannot do without and that I need in order to survive e.g. food, warmth, shelter, clean water, basic clothing.

A consumer wants is something that I would like to have but I don’t need to survive (it is non-essential) e.g. the latest fashion in clothes, the most up to date mobile phone, jewellery, make up….

A budget is a plan of how much money I am going to receive... (More)