Under normal circumstances, the concept of consumers sovereignty implies that

Economics JAMB 1986

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 checkmark
  • both the consumer and the producer determines what should be produced

The correct answer is: C

Explanation

Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced.

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