Is the term used to describe the amount of control or influence that consumers have on a market

Answer: The term is used in describing the amount of control or influence that consumers have on the market is sovereignty.

Explanation:

Consumer sovereignty is an economic construct delineated by William Harold Hutt in his book Economists and therefore the Public: A Study of rivalry and perspective. In general, the term consumer sovereignty is additionally used as a hypothesis that the assembly of products and services is set by the customer's demand.

The term being used in describing the amount of control or influence that consumers have on the market is sovereignty. It is because sovereignty is being defined as a way of an individual of having to consume supreme power in which with this, they can influence other people with their power.