Discuss the limitations of consumer sovereignty?
1: Nature of the economic system-in a free market system the consumer is more sovereign than in in a plan market system
2: Size of the consumer income-the consumer who earn more are able to exercise sovereignity than low income earners
3: Range of goods available-consumers depends on goods which are available in market to satisfy their wants.If the range of goods available are less it may lower the consumers desires and therefore limit the sovereignty
4: Government policies-the consumption of certain goods may be prohibited by the government regardless of the level of demand
5: Advertising and other persuassive promotional activities and salesmanship
6: Existence of monopoly.
Kalis answered the question on March 23, 2018 at 13:42
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