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What is the role of a producer in the economy?
A
Production occurs in both the private and public sectors.
B
Their own labour with a small amount of capital.
C
A nurse hired by the NHS cannot work in a private clinic because land, labour and capital are scarce.
D
A producer combines factors of production to make goods or supply services.
Card 1 of 20
2.6.1 Role of producers Flashcards
20 flashcards on OCR GCSE Economics 2.6.1 Role of producers: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.