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What is the difference between consumer and producer in economics?
The producer supplies good and services and the consumer demands them.
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
What are the differences between producers and consumers?
The difference between a producer and a consumer is that a producer makes his own food and consumer purchases his own food.
What is consumer welfare?
Consumer welfare also known as consumer surplus refers to the difference between what consumers are willing to pay and what they actually pay.
How can consumer surplus be calculated from a table?
Consumer surplus can be calculated from a table by finding the difference between the maximum price a consumer is willing to pay and the actual price they pay for a good or service. This difference is then multiplied by the quantity purchased to determine the total consumer surplus.
What is difference between buyer and purchaser?
A purchaser is a consumer buy a product for his/her personal use. A buyer is a trader (mostly) who purchases a product for trading.
What is the difference between trader and distributor?
A distributor is one who buys product from the manufacturer and bound to not to sell any other similar or competitive product and he can appoint dealers whereas the trader is one who buys product from the dealers/wholesellers and they are not qualify as a typical retailer,they sell directly to the consumer. i think the general order is:- Manufacturer Distributor Wholesaler Trader/Retailer Consumer correct me if i m wrong.
What is a difference between producer consumer and predator?
preaditores are fidel and consumer are spre
What is the difference between industrial and consumer promotion?
industrial is work. Consumer is buy.
What is the difference between a stock or commodity broker and a stock or commodity trader?
A Trader is someone who buys/sells stocks or commodities. A Broker is one who helps the trader in his buying/selling
What is the difference between mortgage lender and consumer lender?
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What is the difference between a consumer and a scavenger?
they have different names
What is the difference between consumer reports recommended and best buy?
The difference between consumer reports recommended and Best Buy is monetary. With Best Buy, you get the most for your money.
What is the difference between health consumer and consumer health?
A health consumer is one who needs health care and health products and uses money to acquire them. Consumer health is concerned with how healthy and active consumers are in general, on a day-to-day basis.
What is the difference between consumer and producer in economics?
The producer supplies good and services and the consumer demands them.
Definition of consumer surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare
Difference between consumer banking and retail banking?
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