Explain the relationship between consumers and producers in economic growth and activity

Question

Anahi Esparza

Business

25 January, 18:21

Explain the relationship between consumers and producers in economic growth and activity

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Darren Harrell · Answer 1

The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.

Money allows this relationship to work.