Individuals and organizations that determine what products and services will be available for sale
Business · High School · Tue Nov 03 2020
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Individuals and organizations that determine what products and services will be available for sale are called producers. A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor inputs—to create—that is, to output—something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.