Select the items below that describe specific kinds of producers.

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Yang

Business

1 May, 17:37

Select the items below that describe specific kinds of producers.

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Cristopher Mitchell · Answer 1

The following items describe specific kinds of producers:

1) grocery store owner

2) computer shopper

3) trial lawyer

In economics, a producer does not only produce a good or service, he can be a part of the good or service also. A producer is the one who incorporates factors of production.

Producers may be individuals or small or large scale companies that has the power to influence the market because they are the ones who set the basis for the prices of goods and services.