Consumer sovereignty is the view that consumers have the right to choose ________,and the government should not interfere with these choices.

Question

Quizplus · Accepted Answer

Consumer sovereignty refers to the power of consumers to make choices in the marketplace, including decisions about which goods and services to purchase. This principle suggests that consumers are best-equipped to determine what they want and need, and that the government should not interfere with these choices. While the government may still regulate some aspects of the market (such as safety standards or environmental protections), the goal of consumer sovereignty is to ensure that consumers have maximum autonomy when it comes to their own economic decisions. Subsidizing or taxing certain goods would be seen as government interference with this principle.

Consumer Sovereignty Is the View That Consumers Have the Right