ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -One example of a common producer/consumer relationship is print spooling. Although a printer might not be available when you want to print from an application (i.e., the producer), you can still “complete” the print task, as the data is temporarily placed on disk until the printer becomes available.

Detailed explanation-2: -Man is both primary and quaternary consumer because a man eats plants like herbivorous and also eats animals like carnivorous.

Detailed explanation-3: -When people make goods and services, goods and services, goods and services-when people make goods and services, they are producers. When they use the things produced, the things produced, the things produced-when they use the things produced, they are consumers.

Detailed explanation-4: -Examples of a consumer A consumer is any person or group who is the final user of a product or service. Here are some examples: A person who pays a hairdresser to cut and style their hair. A company that buys a printer for company use.