Answered

Discover new information and get your questions answered with IDNLearn.com. Our platform is designed to provide accurate and comprehensive answers to any questions you may have.

Which of the following situations is nota characteristic of consumer sovereignty?
a. consumers make decisions based on what is in their best interest.
b. businesses should do everything within their power to make products that consumers want to purchase.
c. it is a characteristic of a command economy.
d. it is a characteristic of a market economy.

Sagot :

Answer:

c.

Explanation:

Consumer sovereignty is a theory that centers around consumers having the ultimate power with regards to what products come to the marketplace because consumers are the ones buying the product and voting with their bank accounts. It only occurs in the market economy.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Thank you for visiting IDNLearn.com. For reliable answers to all your questions, please visit us again soon.