The Idea That Consumers Ultimately Dictate What Not to Produce

question 17

Multiple Choice

The idea that consumers ultimately dictate what not to produce by choosing what not to purchase is known as

• A) laissez-faire.
• B) the economic problem.
• C) centralized decision making.
• D) consumer sovereignty.

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Definitions:

Professional Job

Employment in a field that requires a specialized set of knowledge, skills, or education, typically involving mental rather than manual work.

Conscientiousness

A personality trait characterized by thoroughness, a high level of organization, dependability, efficiency, and a strong sense of duty.

Openness To Experience

A personality dimension that involves willingness to try new things, embrace new ideas, and engage in imaginative and intellectual activities.

Self-Centered And Narcissistic

Characteristics of an individual who is excessively preoccupied with themselves, lacking empathy and consideration for others.