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Which Describes The Economic Role Of A Consumer?

January 24, 2024 by Ahmed Ali

Which Describes The Economic Role Of A Consumer? Consumer: The consumer is the one who pays to consume the goods and services produced. As such, consumers play a vital role in the economic system of a nation. In the absence of their effective demand, the producers would lack a key motivation to produce, which is

Which Describes The Economic Role Of A Producer?

January 24, 2024 by Emily Lee

Which Describes The Economic Role Of A Producer? Producers can figure out what consumers are willing to pay based on what they buy. In economics, who must make the goods and services that exist? In economics, workers are producers. … Knowing what consumers want helps producers make more money. Which describes the economic role of