How are workers both consumers and producers? How does a consumer affect a producer? Give at least two ways.

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Kipper

2 February, 13:32

How are workers both consumers and producers? How does a consumer affect a producer? Give at least two ways.

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Warren · Answer 1

Good Morning!

Consumers are also workers. It is necessary that they are, after all, it is necessary to be salaried and have money to be able to consume and make the market turn. A consumer changes the functioning of the market as he chooses the products that suit his preferences or budget.

In addition, the consumer can also affect production by choosing to boycott a company. Another consumer-production relationship is demand. Often a product, such as fur coats, for example, is not required all year round, and therefore has its production reduced in the summer.

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