1.

Give the difference between producers and consumer

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Answer:

•Producers are the one who converter the raw MATERIAL into finished and semi-finished goods with the INVESTMENTS of the 4 M'S that is Man, MACHINE, Money and Material; lieu of EARNING profit and business growth.

•The consumer is the one who utilities the potential of the goods and services while spending a particular sum of money to satisfy WANTS and desires.

Both are the important parties of the economy for the balanced working of the business.



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