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What are three kinds of producers in an economy?
In an economy, three kinds of producers include primary producers, secondary producers, and tertiary producers. Primary producers extract raw materials from nature, such as farmers and miners. Secondary producers transform these raw materials into finished goods, like manufacturers and artisans. Tertiary producers provide services rather than goods, including retail businesses and healthcare providers.
Explain how service producers differ from goods producers in important aspects of their operations.?
goods is the thing that are go no be sold. services is the treatment or providing things to sale
What are the benefits of a backward linkage?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
One benefit of the backward linkage?
there is a reduced independence on omported goods since local suppliers provide the raw materials for the producers
What do producers use to make goods and services?
goods
Explain how service producers differ from goods producers in important aspects of their operations.?
goods is the thing that are go no be sold. services is the treatment or providing things to sale
What are the benefits of a backward linkage?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
What are the benefits of backward linkage in a business?
there is reduced dependence on imported goods since local suppliers provide the raw materials for the producers.
One benefit of the backward linkage?
there is a reduced independence on omported goods since local suppliers provide the raw materials for the producers
Were the American colonies exporters of raw goods or manufactured goods?
raw goods
What do producers use to make goods and services?
goods
What is the relationship between producers and consumers in economics?
Producers make the goods and consumers buy and use the goods.
Why were colonies important to mercantilism?
They served as both the source of raw materials and the markets for finished goods.
What countries are the leading producers of raw silk?
The top producers are China and India .
What is the role of the consumer in a market economy?
Consumers are important because they are the people who actually buy the goods made by the producers
Are producers and consumers interdependent?
producers produce goods used by consumer and consumer pays money to producer.simple logic....
Are Consumers are the only group influenced by the law of demand?
no consumers are not only the group influence by the law of demand but the producers and the other branches of the market are equally influenced by the law of demand because even producers consume raw materials for finished goods.....
