Question

Give two examples of someone being a producer. Explain why the role of a producer is important in an economic system.

Answer 1

Production

The production is all mutation process governed by man, which seeks to create a product, with the help of production factors that are the resources used to create goods, the main factors of production are: capital, work and the earth. It can also be called production not only to the development of a new product, if not, to evolve or modify an old one, that is to say, giving a new use to an artifact is part of producing some element. The main function of the production is the creation of satisfiers to calm our needs.

1.- The term agricultural producer is a term used as a qualifying adjective to designate a type of economic activity that is based on the production of mainly food from farming and livestock.

2.- Dairy producers: The dairy industry is a sector of the industry whose raw material is milk from animals (usually cows).