Question

What is the role of producer and consumer in the producer consumer problem?

Answer 1

producer and consumer are interdependents they always helps each other with in them for their survival
producer produce for consumer and consumer use the product and give work to the producer
if any of them stop doing their work ,both of them should have to face problems

Answer 2

ᴀɴsᴡᴇʀ :-

ғɪʀsᴛ ᴡʜᴀᴛ ɪs ᴘʀᴏᴅᴜᴄᴇʀ :- ᴘʀᴏᴅᴜᴄᴇʀ ɪs ᴏɴᴇ ᴡʜᴏ ᴘʀᴏᴅᴜᴄᴇ ᴛʜɪɴɢs ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ

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ᴄᴏɴsᴜᴍᴇʀ:-ᴄᴏɴsᴜᴍᴇʀ ɪs ʟɪᴋᴇ ᴛʜᴇ ᴄᴜsᴛᴏᴍᴇʀ ᴀs ʜᴇ/sʜᴇ ʙᴜʏs ᴛʜɪɴɢs ᴡʜᴀᴛ ʜᴇ/sʜᴇ ᴡᴀɴᴛs

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ʀᴏʟᴇ ᴏғ ᴘʀᴏᴅᴜᴄᴇʀ ᴀɴᴅ ᴄᴏɴsᴜᴍᴇʀ :-

1)ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴛʜᴇ ᴘʀᴏᴅᴜᴄᴇʀs ᴘʀᴏᴅᴜᴄᴇ ᴛʜɪɴɢs ᴀɴᴅ sᴇʟʟs ᴛʜᴇsᴇ ᴛʜɪɴɢs ᴛᴏ ᴛʜᴇ ᴄᴏɴsᴜᴍᴇʀ

2)ᴘʀᴏᴅᴜᴄᴇʀ ᴡᴀɴᴛs ᴛʜᴀᴛ ʜɪs ᴄᴏsᴛ ᴘʀɪᴄᴇ ᴡɪʟʟ ʙᴇ ʟᴇss ᴀɴᴅ sᴇʟʟɪɴɢ ᴘʀɪᴄᴇ ʜɪɢʜ .sᴏ ᴛʜᴀᴛ ᴛʜᴇʀᴇ sʜᴏᴜʟᴅ ʙᴇ ᴘʀᴏғɪᴛ

3) ᴀ ᴄᴏɴsᴜᴍᴇʀ ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴄᴏɴsᴜᴍᴇs ᴛʜɪɴɢs. ᴍᴇᴀɴs ᴛᴏ sᴀʏ ᴛʜᴀᴛ ᴛʜᴇʏ ʙᴜʏs ᴛʜɪɴɢs ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ᴛʜᴇɪʀ ɴᴇᴇᴅ.

4) ᴄᴏɴsᴜᴍᴇʀ ᴡᴀɴᴛᴇᴅ ɢᴏᴏᴅ sʜᴏᴜʟᴅ ɢɪᴠᴇ ᴀ ғᴜʟʟ sᴀᴛɪsғᴀᴄᴛɪᴏɴ .

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ɪғ ᴛʜᴇɪʀ ɪs ɴᴏ ᴘʀᴏᴅᴜᴄᴇʀ ᴏʀ ᴄᴏɴsᴜᴍᴇʀ ᴛʜᴇɴ ᴡʜᴏ sᴇʟʟs ɢᴏᴏᴅs ᴀɴᴅ ᴡʜᴏ ʙᴜʏs ɪᴛ. sᴏ ᴛʜᴀᴛ ᴛʜᴇ ᴄᴏɴsᴜᴍᴇʀ ᴀɴᴅ ᴘʀᴏᴅᴜᴄᴇʀ ᴀʀᴇ ᴠᴇʀʏ ᴍᴜᴄʜ ᴇssᴇɴᴛɪᴀʟ. ᴛʜᴇʏ ᴘʟᴀʏs ᴀ ᴍᴀɪɴ ʀᴏʟᴇ ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ