Consumer and Producers

Consumer and Producers

By Lindsey Bourgeois

When people spend money to buy the things they need or want, they are called a consumer.

CONSUMER

A person who makes or grows a product (good) or provides a service is called a producer.

PRODUCER

CONSUMER AND PRODUCERS

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Producers are the people who make or grow goods.

• Farmers growing crops.

• Bakers making a cake.

• Factory workers building a car.​

Consumers are people who buy or use goods.

• Shopping for food at the grocery store.

• ​Buying baked goods.

• Shopping for a new car.​

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Examples

Multiple Choice

What is an example of a producer?

• A person buying a cake.

• A farmer growing crops.

• A person shopping in a grocery store.

• A person shopping for new shoes.

Multiple Choice

What is an example of a consumer?

• A person buying new shoes at the store.

• A farmer growing crops.

• A factory worker making a car.

• A baker baking a cake.

Poll

Do you feel confident on the difference between consumer and producer?

• Yes

• No

Services are jobs that people do for others. YOU CANNOT TOUCH THESE.

• Getting a haircut.

• Getting your nails done.

• Going to the doctor.​

WE BUY Services

Goods are things people make or grow to sell. These are some goods. YOU CAN TOUCH THESE.

• Clothes

• ​Fruits

• Cars​

WE BUY Goods

LET'S REFRESH. THERE ARE TWO WAYS TO SPEND MONEY.

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Multiple Choice

What is a good?

• Getting a haircut.

• Having surgery.

• A pizza.

• Having someone teach you how to play the drums.

Multiple Choice

What is an example of a service?

• Getting a tire changed on your car.

• Light bulb

• a TV

• A pack of Crayons