ECONOMICS (CBSE/UGC NET)

ECONOMICS

CONSUMERS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A person who makes goods or provides a service
A
Good
B
producer
C
Service
D
Alternatives
Explanation: 

Detailed explanation-1: -Producers are people who make or grow goods and provide services. Sometimes they are called workers, and they help us do things.

Detailed explanation-2: -Producers are those who produce or manufacture goods and services, and retailers are the ones who distribute and sell them to final consumers.

Detailed explanation-3: -Introduction. Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses.

Detailed explanation-4: -PRODUCER is a person who produces goods and services.

Detailed explanation-5: -Producers are of following types: (i) Agricultural (Primary) Producers: (ii) Industrial (Secondary) Producers: (iii) Service (Tertiary) Producers: There are several important roles a producer has to play. Following are some examples: (i) Supply of Different Goods and Services: More items

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