Consumer sovereignty in a socialist economy is generally:

CA Foundation · Business Economics · MTP · May 2026
Consumer sovereignty in a socialist economy is generally:
(A) A. Greater than in capitalism
(B) B. Operative only in private markets
(C) C. Largely limited by central planning
(D) D. Ensured through democratic choices

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Largely limited by central planning

Topics: Nature & Scope of Business Economics

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