Who is a Producer?

    Who's Buying? Who's Selling?: Understanding Consumers and Producers (Lightning Bolt Books - Exploring Economics)

  • Producers are successful entrepreneurs who supply the market with finished and partly finished goods
  • A producer can also be described as a supplier because he/she supplies goods to consumers and also raw materials to other firms
  • When a supplier agrees to provide raw materials for the production process, he/she enters a contract with the producer.