Microeconomics: social welfare is maximized in which case
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Heya....
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In Microeconomics maximum social welfare occur when the economy is the planned Economy...
Means govt take the decisions to allocate the resources for social welfare..
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See here for your answer....
In Microeconomics maximum social welfare occur when the economy is the planned Economy...
Means govt take the decisions to allocate the resources for social welfare..
-- Be Brainly...
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This microeconomic analysis leads to the condition of Pareto efficiency as an ideal in welfare economics. When the economy is in a state of Pareto efficiency, social welfare is maximized in the sense that no resources can be reallocated to make one individual better off without making at least one individual worse off.
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