Question

an economic agent who works to earn wages to buy various goods and services is called : (a)consumer (b) producer (c) service provider (d) service holder

Answer 1

Answer:

An economic agent who works to earn wages to buy various goods and services is called service provider.

Explanation:

• Economic agents are people who participate in the capital markets and the overall economy as consumers, producers, or influences.
• The four main economic actors are governments, businesses, households/individuals, and central banks.
• Governments and central banks are grouped together by some economists.
• A service provider is a vendor who offers companies and end users IT solutions and/or services.
• This broad term encompasses all IT companies that offer goods and services via on-demand, pay-per-use, or hybrid delivery models.
• Three categories of service providers exist: Service Provider Internal, Unit for Shared Services,Provider of external services.

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