Those who exchange their labor resources for money to buy goods and services to satisfy their wants and desires are called
A) capitalists.
B) firms.
C) corporations.
D) rentiers.
E) consumers.

Question

Quizplus · Accepted Answer

Consumers are individuals who exchange their labor resources for money to buy goods and services to satisfy their wants and desires. Capitalists, firms, corporations, and rentiers are not necessarily consumers, as they may not exchange their labor for money or they may use their money for investment purposes rather than consumption.

Those Who Exchange Their Labor Resources for Money to Buy