Ask Question
3 November, 00:40

What is the role of consumers and producers in a free-market system

+5
Answers (1)
  1. 3 November, 00:55
    0
    A free market society has consumers and producers. The consumers are the people who buy the goods, kinda like a family. (Ex. lets say a mom cooks food and feeds the family. The kids and husband would the the consumers but lets say they bought the food from the store, that is what consumers do.) A producer, is the manufacturer, (Ex. Nike, Adidas and McDonald's.) The consumer buys goods from the producer.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the role of consumers and producers in a free-market system ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers