The idea that consumers determine what is produced in the economy through their demands is known as:

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The idea that consumers determine what is produced in the economy through their demands is known as:

The idea that consumers determine what is produced in the economy through their demands is known as:
A) free enterprise.
B) consumer sovereignty.
C) a laissez-faire economy.
D) a command economy.

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

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8 years ago

Good answer, thanks.

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