Day 19 Economics: Interdependence of Producers and Consumers

Interdependence of Producers and Consumers

Hello again!

Now that we know what producers and consumers are, as well as goods and services, let’s talk about how they relate to each other.

 

Consumers need producers to provide goods and services, and producers need consumers so they can make money for their goods and services. The way producers and consumers rely on each other is called interdependence. They all depend on each other, and the economy would struggle if there was no interdependence.

 

Below is a link to a short video that explains the image that you see. You will hear about interdependence before you get to read through the dialogue cards that explain it a little bit further.

 

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Video

Watch the video below

 

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Interactive

Directions: Click on the dialogue cards below to learn more about producers and consumers.

 

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