Business Studies, asked by ayushishrivastava81, 8 months ago

can social welfare be measured by adding up peoples utility

Answers

Answered by f4Faizan

Answer:

A new approach, the social welfare function approach to welfare measurement by gross domestic product (GDP) is developed and applied to the integrated socio-ecological and economic (SEE) system. This allows the measurement of development or social welfare through the adjustment of GDP.

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