Economy, asked by shivanshpachauri00, 8 months ago

what is paretian liberal​

Answers

Answered by gyanianupama
2

Explanation:

The liberal paradox states that every social choice function satisfies at most one of the following properties, never both: Pareto optimality (collective efficiency): whenever all individuals of a society strictly prefer an outcome x over an outcome y, the choice function doesn't pick y.

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