Answered

Which of the following situations is nota characteristic of consumer sovereignty?
a. consumers make decisions based on what is in their best interest.
b. businesses should do everything within their power to make products that consumers want to purchase.
c. it is a characteristic of a command economy.
d. it is a characteristic of a market economy.



Answer :

Answer:

c.

Explanation:

Consumer sovereignty is a theory that centers around consumers having the ultimate power with regards to what products come to the marketplace because consumers are the ones buying the product and voting with their bank accounts. It only occurs in the market economy.

Other Questions