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Social welfare function
Summary
- A social welfare function, in welfare economics, is a function which gives a measure of the material welfare of society, given a number of economic variables as inputs.
Soundex: S241 ( S24 W416 F523 ) Metaphone: SXLWLFRFNKXN Reference |
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* This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Social welfare function".