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Free-Market Economy – The Guarantor of Consumer Sovereignty

Author

Listed:
  • Gheorghiu Gabriela

    („Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

The present paper debates the liberal apology of free market operation that assigns to the rational consumer absolute sovereignty on the producer, the economic success of the latter being conditioned by the best possible satisfaction of “master’s” interests – the consumer.

Suggested Citation

  • Gheorghiu Gabriela, 2012. "Free-Market Economy – The Guarantor of Consumer Sovereignty," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(3), pages 1-30, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:3:p:30
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    More about this item

    Keywords

    free-market economy; consumer sovereignty; consumer’s interests;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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