Answered

Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our 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. 
Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.