1. Topic: Types of Producers Objective: Describe & List the individuals & groups who participate in production

2. Producer A producer is an individual or group which combines resources in the production process to obtain output

3. Production Production is the output of the production process which is made of goods & services Inputs Outputs The Production Process Resources Goods & Services

4. Types of Producers Private Sector Firms Cooperatives Voluntary organisations Public Sector Central Government Local Government

5. Private Sectors

6. Firms Firms range from single, part-time, 1 person operations to large multinational corporations. All firms must make a profit to stay in operation. Privately owned business must aim to be efficient and competitive.

7. Cooperatives These are business that are owned by their members, & are set up to directly benefit their members. There are 3 main types of cooperatives in NZ: Producer Cooperatives Consumer Cooperatives Savings Cooperatives

8. Producer Cooperatives The firm is owned by its suppliers. For example Fonterra is owned by the Dairy Farmers who own it. The advantages for a cooperatives' members are: Market for their output Sharing the profits from the processing of their output

9. Consumer Cooperatives Consumer cooperatives are rarer but are owned by the customers of the business, like a shop owned by its customers. Ex. Southern Cross Healthcare in NZ. Advantages are for members are: Lower Prices Share of Profits

10. Savings Cooperatives Like a bank in that it takes members savings & lend it out to other members in the form of loans. Ex. PSIS Advantages to members include: Cheaper Loans Secure deposits (Savings) Loans are made to people of similar interests

11. Voluntary Organisations These provide goods & services that are not normally provided by firms or the government. Not for Profit They include: Clubs & Societies, Churches & Charities.

12. Public Sector Central Government: Which Party is in Government? Who is our Prime Minister? Where is our parliament? What does the Government do? How does the government pay for the goods & services it provides? Local Government Who is your Mayor? What does local government do? How do they pay for the goods & services they provide?

13. Types of Producers Review: Hang your class with one of these! 1)NZ example of a Cooperative 2)A Good or Service provided by Central Govt 3)A NZ Firm 4)International & NZ Charity 5)Private Sector Producer