The situation in an economy where the desires and needs of consumers control the output of producers.
- 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
Definition of consumer sovereignty in:
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.