Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Experience the convenience of getting accurate answers to your questions from a dedicated community of professionals. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.

what are the roles of consumers and producers in allocating resources

Sagot :

Gibbs
The roles of consumer in allocating resources is that they serve as the driver of demand for goods. Producers provide the supply of goods. Therefore, it is the relationship between both the producers and consumers or supply and demand which helps to determine the allocation of resources and also the prices of goods and services. 
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.