in which economic system consumers sovereignty is present?
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In a capitalist economy, the consumer has freedom of choice. That is why he is regarded as a sovereign, king or queen. This is what is meant by consumer's sovereignty. The consumer is free to buy any commodity and in whatever quantities his likes.
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Explanation:
In a capitalist economy, the consumer has freedom of choice. That is why he is regarded as a sovereign, king or queen. This is what is meant by consumer's sovereignty. The consumer is free to buy any commodity and in whatever quantities his likes.
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