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- Nikita Chetry
- Latest Answer: 1 week ago
- In: Commerce
In capitalism, there is consumer sovereignty. What does it mean?
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1 Answers
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- Answered By Anita Sahani
- Answer: 1 week ago
It means that in capitalist economy, consumer is like a king. He has the full freedom to spend his income on goods and services that given him maximum satisfaction.
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