Production and Consumption
We produce and consume, produce and consume
Every,everyday we produce and consume
Goods and services the best we can
Cars,trucks,houses,computers and vans
Consumers are people who use goods and services to satisfy their own needs.
Services like dry cleaning,haircuts,mail service,telephone,TV,Fire protection,heath aid, or having your lawn mowed.
Goods like clothes,computers,toothpaste,toys,furniture,glasses,bikes,pianos or food.
Producers are people and businesses that use resources to make goods and services like farmers,doctors,auto makers,barbers,bus drivers,artists,mail carriers,cooks,builders and teachers.