Answer: B. provides goods and services
Explanation: Producers are individuals or companies that utilize resources to produce goods or provide services that satisfy consumer needs and wants.
One way producers play an economic role is by creating goods. They take raw materials and transform them into finished products that consumers can purchase and use. For example, a producer may take raw cotton and transform it into clothing that is sold in stores. By creating goods, producers contribute to the availability and variety of products in the market.
Another economic role played by a producer is providing services. This can include a wide range of activities such as healthcare, transportation, education, and entertainment. For example, doctors, teachers, and musicians are all examples of service providers. By offering services, producers meet the needs and demands of consumers in various sectors of the economy.
In addition to creating goods and providing services, producers also contribute to the economy by inventing new technology. Technological advancements can lead to increased productivity, efficiency, and innovation in the production process. This can result in the development of new products and services, job creation, and economic growth.