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What are producers and consumers

User Ardeshir Ojan
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1 Answer

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11 votes

Answer:

Producers are the ones who create and sell the products to the consumer.
Consumers are the ones who buy and use the product that the producer sells.

Step-by-step explanation:

For example, let's say a business that builds phones sells that phone to the masses for $899. Producers are the business that build the phones and then sell that same phone to the masses for $899. While the consumers are the customers who buy that phone from the producer for their own personal use. "Producers are the ones who create and sell a product, and consumers are the ones who buy and use that product for their own means."

Hope this helps.

User Mrjohn
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