The question is: An economist said, “Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven, anddo whatwe can to stimulate...

The question is: An economist said, “Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven, anddo whatwe can to stimulate consumption Production will then follow” Are there any flaws in this economist’s logic? Which should government promote first-consumption or production? Or neither?

May 15, 2022
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