Consumers can be both customers of the producers and suppliers to the producers. In the interaction, consumers can be identified in two roles both of which generate wellbeing. Well-being is made possible by efficient production and by the interaction between producers and consumers. Similarly there are two kinds of actors, producers and consumers. The most important forms of production are market production public production household production In principle there are two main activities in an economy, production and consumption. They are improving quality-price-ratio of goods and services and increasing incomes from growing and more efficient market production. In production there are two features which explain increasing economic well-being. The degree to which the needs are satisfied is often accepted as a measure of economic well-being. Economic well-being is created in a production process, meaning all economic activities that aim directly or indirectly to satisfy human wants and needs. It is the resource act of creating output, a good or service which has value and contributes to the utility of individuals. Production is a process of workers combining various material inputs and immaterial inputs (plans, know-how) in order to make something for consumption (the output).
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