wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

How do we participate in the market as producers and consumers? Explain with three examples.

Open in App
Solution

Producer can participate by producing goods and services.
Consumer can participate by purchasing goods or services what they want or what they need.
Producer can bring final goods for sell in market.
These are the final goods which are used by consumers.

flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Ecosystem
PHYSICS
Watch in App
Join BYJU'S Learning Program
CrossIcon