The question of how responsive leads to the normative form. As a normative principle, consumer sovereignty asserts that the performance of any economy ought to.
The Libertarian Angle: Consumer Sovereignty and the Free Market
Consumer sovereignty is the idea that it is consumers who influence production decisions. The spending power of consumers means effectively they 'vote' for.
Consumer sovereignty is an economic theory stating that supply is dictated by demand. In other words, the volume and type of products that producers bring to. Consumer sovereignty means that legislation now protects the rights of consumers to dispose of their incomes as they see fit. Consumer sovereignty may be.
The proposition that consumers are the best judges of their own interests. This is the basis for leaving consumption patterns to be decided by the market;. Consumer Sovereignty: When Customers Have the Power. In a market system, customers are the real bosses. Tuesday, March 3, Quick Definition: Consumer sovereignty is a term used to describe how consumers have ultimate control over what is produced in an economy. Consumer sovereignty is a term used to describe the consumer's power to choose what they buy. When you are in control of your purchases, as opposed to being.