What are a consumer and a producer?

What are the definitions of producer, product, market, and consumer?

• i need examples too thats what im really having trouble with

• Answer:

  A producer is the person providing the good at the most basic level. A farmer is a good example of a producer. The product is what is being produced, in this case, vegetables, for example. A market is the place (physical or not - it could be a call centre or a Web site) in which the product is being sold. Usually, farmers don't directly sell their products. A farmer's market would be a good example here, where there would be different farmers offering their goods for sale, and many buyers. A supermarket is also a market, but because it has a lot of market power, a farmer's market is a better example of the basic idea. The consumer is the person buying and using the product. The person buying the vegetables in this case.