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.

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: -Abstract. 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: -A market producer is an establishment or enterprise whose output is most or all marketed. It is perfectly possible for market producers, both small unincorporated enterprises and large corporations, to have some non-market output in the form of production for own final consumption or gross fixed capital formation.