Source: wikibot/welfare-maximization
= Welfare maximization
{wiki=Welfare_maximization}
Welfare maximization refers to an economic principle or objective that aims to achieve the highest possible level of overall welfare or well-being for individuals within a society. This concept is often used in the context of public policy, economics, and social welfare programs, where the goal is to allocate resources in a way that maximizes the utility or happiness of the population.