Social welfare function

ID: social-welfare-function

A social welfare function (SWF) is a concept used in economics and social choice theory to represent the wellbeing of a society as a whole. It aggregates the individual preferences or utility levels of the members of a society into a single measure of social welfare. The goal of the SWF is to evaluate and compare different distributions of resources and outcomes to determine which arrangement maximizes the overall welfare of a community.

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