Question
What is the difference between a consumer and a producer?
Responses
A consumer creates goods, while a producer provides services.
A consumer creates goods, while a producer provides services.
A consumer makes goods that can be sold, while a producer purchases goods and services.
A consumer makes goods that can be sold, while a producer purchases goods and services.
A producer makes goods that can be sold, while a consumer purchases goods and services.
A producer makes goods that can be sold, while a consumer purchases goods and services.
A producer uses resources to meet wants, while a consumer uses resources to meet needs.
Responses
A consumer creates goods, while a producer provides services.
A consumer creates goods, while a producer provides services.
A consumer makes goods that can be sold, while a producer purchases goods and services.
A consumer makes goods that can be sold, while a producer purchases goods and services.
A producer makes goods that can be sold, while a consumer purchases goods and services.
A producer makes goods that can be sold, while a consumer purchases goods and services.
A producer uses resources to meet wants, while a consumer uses resources to meet needs.
Answers
There are no human answers yet.
Answered by
GPT-4o mini
The correct statement is:
**A producer makes goods that can be sold, while a consumer purchases goods and services.**
In economic terms, producers are individuals or businesses that create goods or services, whereas consumers are those who buy or use those goods and services.
**A producer makes goods that can be sold, while a consumer purchases goods and services.**
In economic terms, producers are individuals or businesses that create goods or services, whereas consumers are those who buy or use those goods and services.
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