consumer & producer Flashcards
1
Q
what is a consumer
A
a person or group that pays for goods and services
2
Q
what is a producer
A
a business that provides goods and services
3
Q
what are consumers and producer to eachother
A
interdependent
4
Q
why do consumer rely on business
A
to meet their wants and needs
5
Q
what do producer provide
A
good and services to consumers
6
Q
explain why they are interdependent
A
consumers provide labor and time to a business who pays wages in return consumer use the wage to but goods and services
