Why is consumer sovereignty considered an advantage?

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Christina Ingram

27 August, 16:53

Why is consumer sovereignty considered an advantage?

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Answers (2)

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Aaliyah Brennan · Answer 1

Consumer sovereignty is an advantage because it is the consumers who determine the services and goods produced. It is the economic theory that consumers can best determine what goods and services should be produced in a society. Hope this answers the question.

Giovanny Williams · Answer 2

Consumer sovereignty is an advantage because it is the consumers who determine the services and goods produced.