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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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更新时间:2024/9/21 13:22:11