Definition of consumer sovereignty in English:

consumer sovereignty

noun

mass nounEconomics

The situation in an economy where the desires and needs of consumers control the output of producers.
Example sentencesExamples
- The theoretical advantages of consumer sovereignty are clear; but there appear to be transaction costs in switching from the devil one knows.
- There is no consumer choice and no consumer sovereignty.
- There is, however, an additional important element that is critical if monetary calculation is to operate in a way most consistent with consumer sovereignty - sound money.
- 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.

Definition of consumer sovereignty in US English:

consumer sovereignty

noun

Economics

The situation in an economy where the desires and needs of consumers control the output of producers.
Example sentencesExamples
- There is no consumer choice and no consumer sovereignty.
- More serious, the application of consumer sovereignty to real world producers cannot rely on their objective actions, but must probe into their subjective intentions.
- There is, however, an additional important element that is critical if monetary calculation is to operate in a way most consistent with consumer sovereignty - sound money.
- The theoretical advantages of consumer sovereignty are clear; but there appear to be transaction costs in switching from the devil one knows.
- Our mission is to establish a worldwide consumer cooperative and to reassert consumer sovereignty over capitalism.

单词	consumer sovereignty
释义	Definition of consumer sovereignty in English: consumer sovereignty noun mass nounEconomics The situation in an economy where the desires and needs of consumers control the output of producers. Example sentencesExamples The theoretical advantages of consumer sovereignty are clear; but there appear to be transaction costs in switching from the devil one knows. There is no consumer choice and no consumer sovereignty. There is, however, an additional important element that is critical if monetary calculation is to operate in a way most consistent with consumer sovereignty - sound money. 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. Definition of consumer sovereignty in US English: consumer sovereignty noun Economics The situation in an economy where the desires and needs of consumers control the output of producers. Example sentencesExamples There is no consumer choice and no consumer sovereignty. More serious, the application of consumer sovereignty to real world producers cannot rely on their objective actions, but must probe into their subjective intentions. There is, however, an additional important element that is critical if monetary calculation is to operate in a way most consistent with consumer sovereignty - sound money. The theoretical advantages of consumer sovereignty are clear; but there appear to be transaction costs in switching from the devil one knows. Our mission is to establish a worldwide consumer cooperative and to reassert consumer sovereignty over capitalism.
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