definition of producer in economy
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Definition of 'Producer Surplus' Definition of 'Producer Surplus'. Definition: Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade. Producer surplus is a measure of producer welfare.
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What Is an Example of a Producer? The primary producers in the arctic ecosystem are  phytoplankton and plants, according to the Norwegian Polar Institute. Producers are classified as organisms that transform energy from the sun into carbohydrates.
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Autotroph An autotroph, also called a producer, is an organism that produces complex organic compounds (such as carbohydrates, fats, and proteins) from simple inorganic molecules using energy from light (by photosynthesis) or inorganic chemical reactions (chemosynthesis).
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Definition of 'Producer Surplus' Definition of 'Producer Surplus'. Definition: Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade. Producer surplus is a measure of producer welfare. It is shown graphically as the area above the supply curve and below the equilibrium price. Here the producer surplus is shown in gray. As the price increases, the incentive for producing more goods increases, thereby increasing the producer surplus.
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consumer (plural consumers) 1  One who, or that which, consumes. ( 2 economics) someone who trades money for goods as an individual. This new system favours the consumer over the producer. ( 3 biology) an organism that uses other organisms for food in order to gain energy.
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Film producer The Term ProducersEdit. Producers are present in every single genre of television and film and play major roles in each type of production. Although each genre might be widely different from each other, a producer's role and job is the same throughout each and every genre.
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- Production (economics) Production is a process of workers combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output). It is the act of creating output, a good or service which has value and contributes to the utility of individuals.
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Economics The total quantity of goods and services that all buyers in an economy (Consumers, Firms, the Government, and Foreigners) want to buy over a particular time period, at different possible price levels.
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economics 2. productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time. economic science, economics, political economy-the branch of social science that deals with the production and distribution and consumption of goods and services and their management.
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Consumer Economics and marketing. The consumer is the one who pays something to consume goods and services produced. As such, consumers play a vital role in the economic system of a nation. Without consumer demand, producers would lack one of the key motivations to produce: to sell to consumers. The consumer also forms part of the chain of distribution.
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South Carolina Code of Laws Unannotated (9) Producer representative means a person who is a citizen of this State, who maintains his principal place of abode in this State, and who is registered with the department pursuant to Article 7 of this chapter as the South Carolina representative of a registered producer.
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- producer. noun pro·duc·er \prə-ˈdue-ˈdü, sər-, -prō-\. ˈdyue. : ˈdyü tweet someone who is in charge of making and usually providing the money for, a, play, movie. : record etc someone or something that grows or makes particular goods. or products someone who is in charge of making and usually providing the money for a play, movie, record, etc. : someone or something that grows or makes particular goods or products.
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- producer (plural producers) ( 1 economics) An individual or organization that creates goods and services. 2006, Edwin Black, chapter 2, in Internal Combustion: But through the oligopoly, charcoal fuel proliferated throughout London's trades and industries. By the 1200s, brewers and bakers, tilemakers, glassblowers, pottery producers, and a range of other craftsmen all became hour-to-hour consumers of charcoal. One who produces an artistic production like a CD, a theater production, a film, a TV program and so on. (biology) An organism that produces complex organic compounds from simple molecules and an external source of energy.
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- Producers or autotrophs are organisms that make their own organic material from simple inorganic substances. For most of the biosphere the main producers are photosynthetic plants and algae that synthesis glucose from carbon dioxide and and water.
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What are Factors of Production? Factors of Production. Definition: Factors of Production in economics are inputs that a business uses to produce a good or service. In other words, these are the building blocks or materials and supplies that businesses use to create goods and service in an effort to make a profit. Traditional economics breaks these materials into four factors of production:
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- Plants are producers. Producers are living things that can make their own food using air, light, soil, and water. Plants use a process called photosynthesis to make food. Only plants can produce their own food.
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Which individual is a producer? A. a quality control manager who works in a busy restaurant a mother who demands quality produce for her family a farmer who grows only what his family needs to survive a student who builds D. a bookcase from bricks and boards. Which individual is a producer? A. a quality control manager who works in a busy restaurant a mother who demands quality produce for her family a farmer who grows only what his family needs to survive a student who builds D. a bookcase from bricks and boards.
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- productivity definition. In business, a measure of worker efficiency, such as one hundred units per hour. In economics, involvement in the creation of goods and services to produce wealth.
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Lesson 4: Food Chains A Producer is Animals are called consumers. This is because they  cannot make their own food, so they need toconsume (eat) plants  and/or animals. A Consumer is     …    are 3 groups of consumers. (Click on any to learn  more!)  /    Animals that eat only plants.
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What is the definition of producer? There are several uses of the word in various contexts: Biology A producer is anything that can make its own food, like plants. Producers are usually the start of the food chain. (An organism that captures energy from sunlight and transforms it into chemical energy that is stored in energy-rich carbon compounds. Producers are a source of food for other organisms.) Economy A producer is someone who raises
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- View Full Document. 3. Classify: A producer is an organism that makes its own energy, usually from sunlight. A consumer is an organism that gets energy by feeding on other organisms. a.
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- n. 1  1. The quality of being productive. 2  2. Economics The rate at which goods or services are produced especially output per unit of labor. 3  3. Ecology The rate at which photosynthesizing or chemosynthesizing producers form organic substances that can be used as food by consumers.
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producer noun. The producer is in charge of financing a movie. The producer is in charge of financing a movie. The definition of a producer is someone who creates good and services or is in charge of coordinating all aspects of creating an entertainment performance.1  An example of producer is someone who is in charge of the financing of a play or movie.plural producers). ( 1 economics) An individual or organization that creates goods and services. 2  One who produces an artistic production like a CD, a theater production, a film, a TV program and so on. ( 3 biology) An organism that produces complex organic compounds from simple molecules and an external source of energy.
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Economics The total quantity of goods and services produced (or supplied) in an economy in a given period. aggregate income. The total income received by all factors of production in a given period. aggregate output (income) (Y)
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In science what are consumers? Confidence votes 236. A producer is an organism that can make its own food from photosynthesis or chemosynthesis.
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economics productivity - (economics) the ratio of the quantity and quality of units produced to the labor per unit of time. economic science, economics, political economy-the branch of social science that deals with the production and distribution and consumption of goods and services and their management.