asked 36.2k views
3 votes
In a free market system how are incentives related to the principal of consumer sovereignty

asked
User Diederik
by
8.6k points

1 Answer

5 votes

consumer sovereignty mean basically results in the consumers determining what the producers manufacture. In a free market, what is produced is determined by consumers’ willingness and ability to pay. This is reflected in the forces of supply and demand that interact in a free market

answered
User Meshaal
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.