Saturday, August 4, 2018

Relationship between consumers and producers.

CONSUMERS :-
          The consumer is the one who pays something to consume goods and services produced.

PRODUCERS :-
        Producer who provides goods and services to their consumers and produce products according to consumer's needs,demands, and desires.

RELATIONSHIP :-
     Producers and consumers are connected by trade and prices. Flactuation of supply and demand is depend upon the relationship between producers and consumers in a given market.

DIFFERENT TYPE OF CONSUMERS :-
- Seasonal consumers
- Personal consumers
- Organisational consumers
- Impulse consumers
- Needs based consumers
- Discount driven consumers
- Habitual consumers.

TYPES OF PRODUCERS :-

- Agricultural producers (primary)
- Industrial producers (secondary)
- Service producers (tertiary)
- Seasonal producers.

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