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12 January, 12:46

In economics, the power of the consumer to control what is produced is called

a. consumer sovereignty.

b. consumer power.

c. consumer wealth.

d. consumer cost.

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  1. 12 January, 15:29
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    a. consumer sovereignty.

    Consumer is a person who buys goods and services.

    Producer is a person who provides the goods and services the consumer needs.

    The business owner who sells clothes and the farmer who sells his crops are examples of producers.
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