Religion Past and Present

Get access
Search Results: | 7 of 16 |

Consumer
(349 words)

[German Version]

Consumers demand goods and services (Service sector) in order to satisfy their needs. They express their preferences through their demand for different goods. If consumer selection takes place in a free economic system – as is the case in a market economy – then producers are stimulated by consumer demand to produce the desired goods: the consumer is sovereign. This should also be true for goods and services not produced by the market but provided by the state. With the lack of suitable coordination mechanisms in the private economic sector, the citiz…

Cite this page
Bayer, Stefan, “Consumer”, in: Religion Past and Present. Consulted online on 22 January 2020 <http://dx.doi.org/10.1163/1877-5888_rpp_SIM_12142>
First published online: 2011
First print edition: ISBN: 9789004146662, 2006-2013



▲   Back to top   ▲