What Are Producers and Consumers?

Readers will learn about the important relationship between producers and consumers as well as buyers and sellers and how they all work together to create a healthy economy. This instructive volume defines basic economic concepts like goods and services and explains production with examples of the different types of production. It also covers the primary and secondary industries that produce goods. Concepts such as marketing and advertising are also covered, for a well-rounded view of this fascinating aspect of the economy.