What is another term for consumers in economics?

The correct term that is synonymous with consumers in economics is buyers. Consumers are individuals or entities that purchase goods and services for personal use. Essentially, they are the end-users in the economic cycle, taking the products produced by businesses and utilizing them.

In economic terms, "buyers" specifically captures the role consumers play in transactions, as it emphasizes their action of purchasing. The term highlights their participation in the market, where they influence demand and ultimately drive production decisions by businesses.

While the other terms—laborers, markets, and producers—refer to different components of the economic framework, they do not accurately describe consumers. Laborers are individuals engaged in work or services in exchange for wages, markets refer to the systems or places where goods are exchanged, and producers are those who create goods or services. Therefore, buyers is the term that best aligns with the concept of consumers within economic discussions.