Production & Consumption
What to produce?
The producers of products will always find out or put themselves in the society's mind to figure out of what they social need in their daily life and what they want for happiness. Similarly, producers will also determine the demand of good in the society, another term is known as demand-pull inflation, sustainably increasing in the price of wanted goods due to a lack of supply and at the same time the consumers are willing to pay more from the product to get access to it.
How to produce?
To produce a certain product, you will have few wanted resources. How to produce, really depends on the product the producers are producing. Take a fish supplier for an example, fish supplier can not have main hub in the middle of the town, they have to have it at the shore area of the town. Therefore, producing a product can take place anywhere but depending on the sources you need.
Whom to produce For?
Producer of the good will always target a specific group of people, like teenage, adults, female or even everybody. Some producers will target towards those who have high income or those who have low income.