Millions of producers working across the world cooperate to ensure that many more millions of consumers can have the goods and s

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Millions of producers working across the world cooperate to ensure that many more millions of consumers can have the goods and s

ervices they desire. These producers do not know one another and are not coordinated by a central agency. Their actions are directed simply by:

Business

1 answer:

Serggg [28] · Answer 1 · 2023-05-21T10:01:13+03:00

The actions of the millions of producers is driven by self interest.

<h3>Who is a producer?</h3>

A producer is an individual or firm that makes goods and services for consumers. For example, a farmer who plants apples is a producer. Also, the owner of the lemonade stand is a producer.

The goal of a producer is to earn profits all things being equal. Profits is when total revenue is greater than total cost.

To learn more about profit, please check: brainly.com/question/26181966