how consumers participate in the market place?
Answers
Answer:
As a consumer we participate in the market when we purchase goods and services that we need. For example, if we cultivate crops or manufacture cars or run a school we act as producer but when we purchase food grain from market, or buy car or went to a doctor as patient then we act as consumer.
Answer:
Hope this answer helps you!
Explanation:
We participate in the market both as producers and consumers.
(i) As producers of goods and services we could be working in any of the sectors such as agriculture, industry, or services.
(ii) Consumers participate in the market when they purchase goods and services that they need.
(iii) For example, moneylenders usually adopt various tricks to bind the borrower.They could make the producer sell the produce to them at a low rate in return for a timely loan. They could force small farmers to sell their land to pay
back the loan.