ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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producer
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consumer
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Either A or B
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None of the above
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Detailed explanation-1: -What are producers and consumers? Consumers buy goods and services to satisfy their wants, and producers make goods and services. This video from the Explore Economics series for kids helps them understand that people are both consumers and producers. It uses easy-to-understand examples.
Detailed explanation-2: -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-3: -People are consumers, not producers, because they eat other organisms. Think of the things people eat. What type of consumers are we? Are people carnivores, herbivores, or omnivores?