Economics
JAMB 1986
Under normal circumstances, the concept of consumers sovereignty implies that
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A.
the consumer and not the producer owns the means of production
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B.
the producer and not the consumer determines what is to be produced
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C.
the consumer and not the producer determines what is to be produced
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D.
both the consumer and the producer determines what should be produced
Correct Answer: Option C
Explanation
Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced.
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