Home > Term: रूढ़िवादी समाज कल्याण फंक्शन
रूढ़िवादी समाज कल्याण फंक्शन
A social welfare function that takes special account of the costs to individuals of losing relative to the status quo, and that therefore seeks to avoid large losses to significant groups within the population. Due to Corden (1974).
- Part of Speech: noun
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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- mitraashutosh
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