Economics GCSE
Producers
What Producers means in Economics GCSE, as defined for AQA.
Definitions of Producers
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Reference: AQA
Firms that supply goods and services, typically aiming to maximise profit by efficiently combining factors of production.
One of the main economic groups, who supply goods and whose borrowing to invest is affected by interest rates.
Topics that use Producers
- Economic activity (AQA GCSE)
- How the economy works (AQA GCSE)
Related terms
- Consumers
- Government
- Basic economic problem
- Circular flow of income
- Distribution of wealth and income
- Economic agents
- Economic welfare
- Functions of money
Using Producers in the exam
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