Definition of Producer
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Question (English)
A person who produces goods or provides services is called a:
- Consumer
- Seller
- Employee
- Producer ✓ Correct
Explanation:
Correct Answer Explanation
When you produce goods (farmer, manufacturing company) or provide services (doctor, taxi driver, porter), you are called a producer.
Key Points:
- Producers include farmers, manufacturing companies.
- Service providers like doctors, porters, taxi drivers, transporters are also producers.
- Production is one of the three main divisions of economics study.
Why Other Options Are Wrong
- A (Consumer): Buys goods.
- B (Seller): Sells goods for profit.
- C (Employee): Works for wages.
📚 About this Topic — CH-1: Introduction
This multiple choice question is from CH-1: Introduction, NCERT Books, Statistics for Economics. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: Introduction to strengthen your preparation.
