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Q: What is the connection between incentives and consumer sovereignty?
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What the connection between incentives and consumer sovereignty in a free market econoymy?

Consumers can spend the money how they want, and incentives motivate it.


What is the connection between incentives and consumer sovereignty in a free market economy?

Consumers are free to spend their income in such a way as to best satisfy their wants, which can be motivated by incentives.


What is the difference between consumer sovereignty and freedom of choice in a market system?

These are two different concepts. The consumer sovereignty refers to the precedence a merchant gives buyers to determine the product market. However, freedom of choice, considers other markets and the consumers individual decision after comparison.


What is the difference between sovereignty and independence?

Sovereignty is the freedom to decide; independence is the capacity to decide.


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state is highly organized institution with sovereignty ,while society may be even unorganized and does not possess sovereignty


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