Question

TYPE QUESTIONS
7. What is the importance of consumers in an economy?
Give two points.
ce of producers in an economy?
3​

Answer 1

Explanation:

The consumer is an individual who pays some amount of money for the thing required to consume goods and services. 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.

Answer 2

Answer:

the consumer is an individual who pays some amount of money for the thing required to consume good s and services As such , consumers play a vital role in the economic system of a national hopes it helps