Welfare economics main economic goals of a, Ask an Expert

Economics

Welfare Economics: main economic goals of a political-economic system are to promote efficiency (static and dynamic), equity, and macroeconomic stability.

a. Under what conditions will a free market meet these goals?

b. Identify a violation of these conditions that will lead an inefficient free market outcome. Prove your answer.

c. Do you think that conservative and liberal social philosophers agree on this list of goals?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707639

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