Consumers are sovereign when

Name: Consumers are sovereign when
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

Consumers are considered sovereign when they have the freedom to decide what they wish to purchase. This means that they are not forced into buying goods or services that they do not want or need, and have the ability to make choices based on their own preferences and needs. This is the core aspect of a market economy, where prices are determined by the interaction of supply and demand and consumers have the power to shape the market.

Consumers Are Sovereign When