There are two basics aspects of a market: goods and services. A good is something tangible like an ice cream cone or a car that you buy. A service is something provided to you like a car wash or a haircut.
With that knowledge, Raul and Tina are producers of services. Raul fixes cars (intangible) and Tina cooks food for you.
producer
Producers consume both goods and services.
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.
Producers
producers
wages APEX
pie
producer
Producers consume both goods and services.
Producers consume both goods and services.
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.
Producers
Producers, produce the goods and services the consumers deamand, want, and need.
Producers make goods/services and depend on the consumer to buy them so they can make money and continue making more goods/services.
producers
consumer- Purchasing goods and services producers-Providing goods and services worker-Making goods and services
A producer is always at the beginning of a food chain. A producer will always be a plant. A primary consumer eats the producer. The secondary consumer eats the primary consumer. The scavenger comes next (if it gets there before the decomposer.) The decomposer will always be last. Example: (where there is a scavenger) grass --> rabbit --> fox --> vulture --> mushroom producer, primary consumer, secondary consumer, scavenger, decomposer