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Earn +20 ptsQ: Where do producers and consumers exchange goods and sercices?
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What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
Who provides the goods and services available to consumers?
Producers
The need to get goods from producers to consumers raises what basic questions?
How are goods and services distributed
What basic questions are raised by the need to get goods from producers to consumers?
How are goods and services to be distributed?
Which industry is concerned with the movement of goods from producers to consumers?
Tranportation industries
The movement of income from producers of goods and services to consumers and back to producers is known as what?
Circular Flow Of Income
The movement of income from producers of goods and services to consumers and back to producers is known as the?
The movement of income from producers of goods and services to consumers, and back to the producer is known as the circular flow. Circular flow is generally shown in a circular flow chart or model.
How are producers and consumers interdependent?
producers produce goods used by consumer and consumer pays money to producer.simple logic....
What is the role of the consumer in capitalism?
Consumers spend money and buy goods from producers
In economics all goods and services available to consumers are provided by which of the following?
Producers
What do consumers send to producers to let them know what goods are wanted?
Market signals.
In a market economy are producers also consumers of goods and services?
True
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