The Idea That Consumers Determine What Is Produced in the Economy

question 62

Multiple Choice

The idea that consumers determine what is produced in the economy through their demands is known as

• A) a laissez-faire economy.
• B) a command economy.
• C) consumer sovereignty.
• D) free enterprise.

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Definitions:

Lack Of Manpower

A situation in which there is an insufficient number of people available to perform a certain job or task, leading to operational challenges.

Destruction Of Property

The act of intentionally damaging or destroying property, either publicly or privately owned.

Military Tactic

A maneuver or strategy used by armed forces during combat to gain a tactical advantage over the enemy.

Confederate Civilians

Individuals who were non-combatant residents living in the Confederacy during the American Civil War.