Economics 1.1

• What is a consumer 


  a person or organisation that directly uses a good or service
• whats a good 


  a tangible product that can be seen or touched
• whats a governement


  a political authority that decides how a country is run and manages its operation
• whats a producer 


  a person, company or country that makes, grows or supplies goods and/or services
• whats a service


  an intangible product, i.e, a product that cannot be seen or touched