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In the determination of social welfare, …

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In the determination of social welfare, what matters is the quantum of output rather than composition of output. Defend or repute.

Posted by Aman Maurya 3 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Preeti Dabral 3 years, 8 months ago

The above statement is incorrect. Social welfare depends both on the quantum of output as well as the composition of output. If goods are produced primarily for richer sections of the society (ignoring the interest of poorer sections of the society), social welfare is bound to remain low even when the quantum of output is rising.

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