What is consumer sovereignty

Reference no: EM131755504

ASSIGNMENT -

Q1. What is consumer sovereignty? What does it have to do with determining what goods and services are produced? Who determines how goods and services are produced? Who receives the goods and services in a market system?

Q2. Is a family a household? Is a household a family?

Q3. Which sector (Households, Businesses, or International) spends the most? Which sector spends the least? Which sector, because of its volatility, has an importance greater than is warranted by its size?

Q4. What does it mean if net exports are negative?

Reference no: EM131755504

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