Question

How do we participate in the market as producers and consumers?explain with 3 examples

Answer 1

●As a consumer we participate in the market when we purchase goods and services that we need.
● 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 2

GOOD AFTERNOON

We participate in the market as producers and consumer. This can be examplified in following manner:-

As a producer of goods and services we could be working in different sector of economy like agriculture, industry or services.

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.

HOPE THIS HELPZZ

NAZ:):)

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