Question

Explain the terms consumers, production, Investment ?​

Answer 1

Answer:

Consumers are defined as individuals or businesses that consume or use goods and services. Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers

A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor inputs—to create—that is, to output—something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.

An investment is an asset or item acquired with the goal of generating income or appreciation. ... For example, an investor may purchase a monetary asset now with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

Answer 2

Answer:

Consumer goods are products bought for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see stocked on the store shelf. Clothing, food, and jewelry are all examples of consumer goods. Basic or raw materials, such as copper, are not considered consumer goods because they must be transformed into usable products. .Consumer goods, or final goods, are goods sold to consumers for their own use or enjoyment and not as means for further economic production activity.

.From an economic standpoint, consumer goods can be classified as durable (useful for longer than 3 years), nondurable (useful for less than 3 years), or pure services (consumed instantaneously as they are produced). .For marketing purposes, consumer goods can be grouped into different categories based on consumer behavior, how consumers shop for them, and how frequently consumers shop for them