ECONOMICS
SUPPLY
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: -Farmers are producers. We grow crops and raise livestock that supply the world with food.
Detailed explanation-2: -Farmers usually sell their products on the fields themselves. Buyers control the market and fix a price. Usually, there are agents who visit the field to buy crops directly from farmers. For more profit, some farmers take their products to markets in town using tractors or bullock carts.
Detailed explanation-3: -An agricultural producer is a rancher or farmer. These parties produce crops, or breed livestock, or feed livestock prior to slaughter through day-to-day labor and field operations.
Detailed explanation-4: -A Farmer manages farms, ranches, greenhouses, nurseries, and other agricultural production organizations. Farmers are involved in planting, cultivating, performing post-harvest duties, overseeing livestock, and supervising farm labor depending on the type of farm.