Consumers’ sovereignty

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Updated: Aug 20, 2021

This is said to exist when resources are allocated in line with consumers’ preference as opposed to, say, state direction. The amount of ‘sovereignty possessed by each individual consumer is, of course, determined by his or her income.

Reference: The Penguin Dictionary of Economics, 3rd edt.



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James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.