Class notes
Welfare Maximization Principles
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It is a study of how the allocation of resources and goods affects social welfare. welfare Maximization is a policy that aims to improve economic conditions and societies welfare by using available resources in the most efficient way possible. It also aims to avoid equal opportunities to everyone and ensure that goods and services are distributed family among the rich and poor.
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Written for
- Institution
- Tndalu
- Course
- B.a.llb
All documents for this subject (10)
Document information
- Uploaded on
- December 12, 2024
- Number of pages
- 3
- Written in
- 2024/2025
- Type
- Class notes
- Professor(s)
- Mrs.sandhiya
- Contains
- All classes
Subjects
-
meaning
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allocating items
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shifting the demand curve
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some principles of welfare maximization
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using available resources
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achieving general utility equilibrium
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