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Role of Consumer in market economy

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Do you think Consumer plays a vital role in a market economy? Do you agree, due to consumer we are having a good economic condition by implementing taxes on goods running shops. Is it right that without purchasing of goods and other products by the consumers all the market would get a great loss as well the manufacturing of products will stop? 

Marketing Strategy
Consumer Behaviour
Product Management
Sales Planning & Marketing
Jatindranath Das
3 months ago

1 answer

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Supply and demand. No demand and there's no need to supply.
In other words, consumers keep the world turning. However, they have to change their approach towards more durable products and forget throwing cheap products away.

David Cottrell
3 months ago

Have some input?