Producers and Consumers

Who are producers in an economy?

• Individuals or businesses that consume goods and services.

• Government agencies that regulate the economy.

• Individuals or businesses that create goods and services for sale.

• Non-profit organizations that provide services for free.

Who are consumers in an economy?

• Non-profit organizations that provide services

• Government agencies that regulate the economy

• Businesses that sell goods and services

• Individuals or households that purchase goods and services for personal use.

Can you name a company that is only a producer?

• Samsung

• Apple

• Tesla

• Foxconn

What is the role of consumers in the market?

• Consumers set prices, create supply, and provide feedback.

• Consumers create demand, influence prices, and provide feedback.

• Consumers only follow market trends and do not influence prices.

• Consumers have no impact on the market.

Name a local company in the UAE that produces goods.

• Emirates Airlines

• Etisalat

• Almarai

• Dubai Duty Free

What are some examples of goods produced by local companies in the UAE?

• Gold, silver, platinum

• Spices, coffee, tea

• Dates, camel milk products, perfumes, textiles

• Cars, electronics, furniture

How do consumers benefit from the products and services provided by local companies in the UAE?

• Consumers benefit by harming the local economy

• Consumers benefit by having access to culturally relevant offerings, supporting the local economy, promoting job creation, and fostering community development.

• Consumers benefit by reducing job opportunities

• Consumers benefit by having access to irrelevant offerings