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DEFINITIONS

Dollar voting

Definition

In economics, dollar voting is an analogy used to explain how the purchasing choices of consumers affect which products will continue to be produced and supplied to the market. Every dollar paid for a particular product may be considered a "dollar vote" for that product, such that the products with the largest number of dollar votes generate the most profit and will therefore continue to be produced.


The reference to "dollar" is just an example; the principle holds for any currency.




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