Economy, asked by purnima4833, 11 months ago

difference between kaldor compensation principle and hicks compensation principle

Answers

Answered by rockasit
0

Explanation:

Kaldor does not require that the losers should actually be compensated. ... Thus the Kaldor Hicks criterion implies that if an economic change leads to the production of more goods and services they can be so distributed as to make some people better off and none worse off.

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