consumer sovereignty


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consumer sovereignty

the power of CONSUMERS to determine what is produced since they are the ultimate purchasers of goods and services. In general terms, if consumers demand more of a good then more of it will be supplied. This implies that PRODUCERS are ‘passive agents’ in the PRICE SYSTEM, simply responding to what consumers want. In certain kinds of market, however, notably, OLIGOPOLY and MONOPOLY, producers are so powerful vis-à-vis consumers that it is they who effectively determine the range of choice open to the consumer. See REVISED SEQUENCE.
References in periodicals archive ?
Instead, the hegemony of the state will monopolize the control of resources, all decision-making and thus eliminate consumer sovereignty. There is a term for this conduct : Tyranny and autocratic dictatorship, pure and simple.
Instead, the hegemony of the state will monopolise the control of resources, all decision-making and thus eliminate consumer sovereignty. There is a term for this conduct - tyranny and autocratic dictatorship, pure and simple.
"We need to be focusing on addressing concerns around housing and energy poverty before we actually think about addressing climate change within the confines of a consumer sovereignty model." (ANI)
The research will achieve a radical interruption of the existing 'consumer sovereignty' model based around surveys and market research - and introduce 'use sovereignty' via an embedded understanding of consumer behaviour - making products that are fit for purpose based on how they are
But regulating Big Tech to protect our data and restore "consumer sovereignty" is not enough.
The mutualist ethic of the cooperative movement collapsed by the 1960s as wider prosperity and self-fashioning prevailed, given added stimulus as New Labour shed its socialist inheritance to rebrand itself the consumer's friend in acknowledgment of the newly coined 'consumer sovereignty.'
Perhaps one underlying problem in Muller's economics is that he does not seem to believe in, or understand, consumer sovereignty. He blames "the ideology of consumer choice," stating that "in some domains choice is particularly fraught." But how can we assume that politicians and bureaucrats choose better?
Earlier this month, the Citizens United for Consumer Sovereignty, a civic group, filed a suit against the Cupertino, Calif.-based firm and the Korean subsidy on behalf of 401 people.
Consumer sovereignty and freedom of choice in developing countries
Apple (AAPL), down fractionally after CNBC reported that South Korean consumer group Citizens United for Consumer Sovereignty has filed a criminal complaint against Apple CEO Tim Cook.
In this narrative, brand abandonment serves as evidence of rationality, self-control and consumer sovereignty. These two discourses offer countervailing models for interpreting brand relationships, creating new meanings to the brands and brand abandonment itself.
safeguarded consumer sovereignty. The State regulatory scheme in place