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lawyer [7]
3 years ago
6

Consumer sovereignty assumes that which fundamental statement in a market economy is true?

Social Studies
2 answers:
butalik [34]3 years ago
8 0

The correct answer is C.

In a market economy, economic outcomes are determined by the free interactions of economic agents (households, corporations and public sector) in the markets, where they act either as producers or consumers, defining with their choices (production or<u> purchase choices, respectively), the prices and the quantities exchanged of every good and service. </u>

stellarik [79]2 years ago
7 0

The correct answer is C) Through purchase choices, consumers determine the production of goods.

Consumer sovereignty assumes that "Through purchase choices, consumers determine the production of goods."

In a free market, it is the consumer that has the power to decide what to purchase. As there are many options to buy, the consumer can determine the production of goods due to its preferences. It could be through the quality of the product, the durability, the price, the availability, the satisfaction it produces, the functions it covers, and many others. That is why it is so important that companies are always "taking the pulse," listening to what the customers have to say.

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The theory of motivation that asserts that people are driven to try to grow and attain fulfillment, with their behavior and well
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Answer:

Self-determination theory

Explanation:

Self-determination theory observes how individuals go pursuing fulfilment, a state of well being that includes:

<em>The psychological needs and the growth are essential to Self-determination theory: The feelings of confidence, autonomy, relatedness</em>

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Being able to matter in the life of other people, having a sense of mastery over the environment, and autonomy concerning others was self-initiated, wholeheartedly to begin actions without asking for others opinion.

Motivation will be the centre of this theory, so an example will typically be :

If someone decides to learn something and engage immediately without hesitating and not to take into consideration the level of difficulty neither the opinion of his friends or social connotations related to it.

Doing something for the sake of it will be referred to as self-propelled behaviour.

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2 years ago
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VashaNatasha [74]

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withdraw from commercial or social relations with (a country, organization, or person) as a punishment or protest.

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This form has been around for ages as theocracies were common in Europe throughout the existence of Catholicism.

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