A market system is often said to be based on consumer sovereigntythe consumer determines what's to be

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A market system is often said to be based on consumer sovereignty—the consumer determines what's to be produced. Yet business decides what's to be produced. Can these two views be reconciled? How? If not, why?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:47 AM

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A market system is often said to be based on consumer sovereigntythe consumer determines what's to be

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Consumers decide what goods they want and demonstrate their deci...View the full answer

Macroeconomics

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