Question

What is a producer and a consumer?

What is a market

Define Good ands Services and provide examples.

How do Consumers satisfy their wants and needs by buying goods and services from businesses.

Answer 1

Producers are people who make or grow goods and provide services. Consumers are people who buy or use goods and services to satisfy their wants.

Goods are items that are usually tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include doctors, lawn care workers, dentists, barbers, waiters, or online servers, a digital book, a digital video game or a digital movie.

Consumers satisfy their wants through purchasing goods and services for consumption purposes.

Step-by-step explanation: