the consumer and not the producer owns the means of production
the producer and not the consumer determines what is to be produced
the consumer and not the producer determines what is to be produced
both the consumer and the producer determines what should be produced
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the power of consumers to determine what goods and service to produced is (consumer sovereignty) is state that consumers and not producer are the best judge of what product benefits them the most
Consumer sovereignty is the idea that it is consumers who influence production decisions. The spending power of consumers means effectively they ‘vote’ for goods. Firms will respond to consumer preferences and produce the goods demanded by consumers. It is a manifestation of the ‘invisible hand’
Please the answer is C
