Business Studies, asked by silverarmy1234, 20 hours ago

what does the objectives of owner maximum economic welfare mean ?

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Answered by 7canushkakumarisah70

1

Answer:

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. One goal of economic policy could be to try to move the economy toward a Pareto efficient state.

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Answered by arnavdarak07

4

Answer:

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. One goal of economic policy could be to try to move the economy toward a Pareto efficient state.

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