Definition of consumer sovereignty in English:

Share this entry

consumer sovereignty

noun

Economics
The situation in an economy where the desires and needs of consumers control the output of producers.
Example sentences
  • More serious, the application of consumer sovereignty to real world producers cannot rely on their objective actions, but must probe into their subjective intentions.
  • Our mission is to establish a worldwide consumer cooperative and to reassert consumer sovereignty over capitalism.
  • The theoretical advantages of consumer sovereignty are clear; but there appear to be transaction costs in switching from the devil one knows.

For editors and proofreaders

Syllabification: con·sum·er sov·er·eign·ty

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.