In economics, the power of the consumer to control what is produced is called

a. consumer sovereignty.

b. consumer power.

c. consumer wealth.

d. consumer cost.

Question

Social Studies

Cassandra Hamilton

20 September, 22:58

In economics, the power of the consumer to control what is produced is called

a. consumer sovereignty.

b. consumer power.

c. consumer wealth.

d. consumer cost.

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Answers (1)

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Gerald Harmon · Answer 1

a. consumer sovereignty.

Consumer is a person who buys goods and services.

Producer is a person who provides the goods and services the consumer needs.

The business owner who sells clothes and the farmer who sells his crops are examples of producers.

In economics, the power of the consumer to control what is produced is calleda. consumer sovereignty.b. consumer power.c. consumer wealth.d. consumer cost.

In economics, the power of the consumer to control what is produced is called

a. consumer sovereignty.

b. consumer power.

c. consumer wealth.

d. consumer cost.