Question

Difference between producer and consumer in economics

Answer 1

Answer: Producers produce something and consumers consume something.

               

Explanation: The consumer is an individual who pays some amount of money or the thing required to consume goods and services produced. As such, consumers play a vital role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers.

please mark as BRAINLIEST