Ask Question
6 April, 18:10

Consumer sovereignty is more likely to be observed in what type of economic system?

+4
Answers (1)
  1. 6 April, 18:16
    0
    Answer: Mixed economy

    Explanation:

    The consumer sovereignty is simply defined as the ability of consumers to control the type of goods and services available in the market by their demand behavior.

    The mixed economy is a form of economic system where there is balance between the activities of the private companies and the government.

    In the mixed economy the demand of consumers is the major determinant of products in the market, which indicates consumer sovereignty.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Consumer sovereignty is more likely to be observed in what type of economic system? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers