CBSE Class 10 Answered
How do we participate in the markets as producers and consumers? Explain with three examples.
Asked by Topperlearning User | 17 Jul, 2015, 09:53: AM
Expert Answer
We participate in markets as producers and consumers. As producers, we might be engaged in any of the productive sector. For example, a farmer in the agricultural sector or as a software consultant in the IT sector is engaged in market through their productive activities.
As consumers, we participate in the market by purchasing various commodities or services. For example, when we purchase a television or when we call an electrician for correcting faulty wires, we become a part of market.
Answered by | 17 Jul, 2015, 11:53: AM
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