Who are producers and consumers?

cbse
economics
consumer-rights
cbse-class-10
cbse-class-10-social

#1

Who are producers and consumers?

Answer:
We participate in the market both as producers and consumers.

  • As producers of goods and services, we could be working in any of the sectors like primary, secondary or tertiary.
  • Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.