ECONOMICS (CBSE/UGC NET)

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. For example, a florist is a producer who makes pretty bouquets. A baker is a producer who cooks up yummy cakes, and a painter is a producer who creates artwork for us to admire.

Detailed explanation-2: -A producer is someone who creates and supplies goods or services. Producers combine labor and capital-called factor inputs-to create-that is, to output-something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.

Detailed explanation-3: -Human Resources (labor) The quantity and quality of human effort directed toward producing goods and services (also called labor).

Detailed explanation-4: -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-5: -The different types of producers include: Executive producer. Associate producer. Producer.