8. Consumer sovereignty means that both businesses and resource suppliers are subject to the wants of consumers.

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8. Consumer sovereignty means that both businesses and resource suppliers are subject to the wants of consumers. Through their dollar votes, consumers decide on the composition of output.

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Essentials Of Economics

ISBN: 9780073511313

2nd Edition

Authors: Stanley L. Brue, Campbell R. McConnell, Sean M. Flynn

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Question Posted: Sep 28, 2024 07:02 AM

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8. Consumer sovereignty means that both businesses and resource suppliers are subject to the wants of consumers. Through their dollar votes, consumers decide on the composition of output.
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8. Consumer sovereignty means that both businesses and resource suppliers are subject to the wants of consumers.

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Essentials Of Economics

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