Under normal circumstances, the concept of consumers sove...
Under normal circumstances, the concept of consumers sovereignty implies that
The consumer and not the producer owns the means of production
The producer and not the consumer determines what is to be produced
The consumer and not the producer determines what is to be produced
Both the consumer and the producer determines what should be produced
Correct answer is C
Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced.
In a partnership, the conduct of members is guided by ...
In a textile factory, the cost of cotton used is a typical example of ...
The sign of the slope of a graph in economic analysis is important because it ...
The study of broad economic aggregates is ...
West African countries are experiencing worsening terms of trade because ...
In a perfectly competitive market, the firm is in long-run equilibrium at the output where ...
Trade between two countries is known as ...
A sustained increase in the production of goods and service in a country is called economic ...
Which of the following does not give a characteristics of money? ...